Photo of Monark Gahlot

Partner in the Disputes Resolution Practice at the Ahmedabad office of Cyril Amarchand Mangaldas. Monark focuses on disputes in relation to debt recovery proceedings, corporate & commercial litigation, criminal matters and arbitration proceedings. He can be reached at

Liquidation Process


The Insolvency and Bankruptcy Code, 2016 (“IBC”), an umbrella legislation, has successfully envisaged the process of speedy resolution or liquidation of a corporate entity and has proved to be a milestone in the Indian legal framework. By bringing IBC in force, the legislature has sought to maximise the value of the assets of the debtor, and to adopt a fair and transparent procedure for the disposition of the assets while balancing the interests of all stakeholders.Continue Reading Enforcement directorate under PMLA can no longer attach assets once liquidation process has been initiated under IBC