IBC – Insights into the Development of the Law and its Analysis

The rationale behind various legislations that are coming into force in recent times is to bring various legislations dealing with similar issues under a single umbrella. The development of the Insolvency and Bankruptcy Code (hereinafter “IBC”) can be attributed to the same quest of the legislators to bring laws pertaining to sick companies under aContinue reading “IBC – Insights into the Development of the Law and its Analysis”

Fintech and the Information Technology Act, 2000

In the emerging world of the twenty-first century, it is often said that “Necessity is the mother of all invention”. In today’s cutting-edge technology times, we continue to see an increase in the number of fintech technology growing in India. According to invest India the overall transaction in fintech is estimated to be $65 billionContinue reading “Fintech and the Information Technology Act, 2000”

Insolvency and Bankruptcy Code: Bane or Boon?

The Insolvency and Bankruptcy Code, 2016 is an Act that is targeted to deal with the insolvency process of companies in the corporate sector. Previously, there existed many laws to deal with cases pertaining to the process of Insolvency but now the government has taken a bold step by introducing a single law to dealContinue reading “Insolvency and Bankruptcy Code: Bane or Boon?”

Decoding Cryptocurrency- Legal Status in India and Rest of the World

The state of Cryptocurrency has been in a constant conundrum in all the major countries since its advent in 2009. Cryptocurrency has been an amazing attempt to move the banking system into a more digitized format but simultaneously has been a threat to the old, secure and a centrally authorized system of banking. A lotContinue reading “Decoding Cryptocurrency- Legal Status in India and Rest of the World”

Securitization Process

In its most basic sense, securitization is the process of turning assets into securities. It is the process by which an issuer creates a financial instrument by combining other financial assets and then marketing different tiers of the packaged instruments to investors.  Securitization is a process by which a company clubs its different financial assetsContinue reading “Securitization Process”

Non-Performing Assets

He who is quick to borrow is slow to pay Indian as well as the global economy has grown at a fast pace after WW-II. The globe has witnessed a phenomenon we often call industrialization, globalization, urbanization. The world has become co-operative at times and competitive during others. With such surge in the growth ofContinue reading “Non-Performing Assets”

Evolution of Banking in India

Section 5 of the Banking Regulation Act, 1949 provides the definition of Banking as: “Banking is the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawal by cheque, draft, order or otherwise” The financial sector of a country is very critical forContinue reading “Evolution of Banking in India”