Legal Pay

In recent years, the Indian market has witnessed an upsurge in distressed asset investments . With the introduction of the Insolvency and Bankruptcy Code (IBC) in 2016, the Indian market saw a shift in the way distressed assets were handled. The IBC has created a legal framework that allows insolvency professionals to resolve the corporate insolvency resolution process in a timely manner. This has led to an increase in distressed asset investment opportunities in India. The Indian market has seen a growing number of distressed asset investors in recent years. With the introduction of the IBC, investors are now able to take advantage of attractive investment opportunities in the distressed asset domain. Given that the legal framework establishes a defined set of guidelines for the sale of these assets, the IBC has made it simpler for investors to invest in these assets. Distressed asset investments offer a number of benefits to investors. These investments [TK1]   [KK2]   can ...

Introduction Of the numerous expenses that a business faces, legal expenses such as lawyer fees, court fees, etc. seem to be increasing each day. According to the U.S. Bureau of Labor Statistics, legal services prices have increased by more than 10% in recent years, despite the economic turmoil caused by COVID-19, which highlights the sharp increase in legal expenses faced by businesses. Sometimes even continuing the lawsuit appears like a poor financial choice for the corporation as the expenses keep on rising over time which makes access to justice inaccessible for many businesses. What are the causes of increasing legal costs in India? The following factors are the primary drivers of rising lawsuit expenses - ·         Redundant Formalities and Inefficient system - According to the Chief Justice of India, there are over 40 million cases outstanding in subordinate courts in India, which illustrates the slow pace of case processing. Even with th...