My publication on "Corporate Insolvency Laws in India" on Manupatra. Letters of appreciation by Hon'ble Justice Mr. Sunil Ambwani, a sitting judge of the Allahabad High Court and Durgarao Vanayam, a practising lawyer in the Madras High Court. Copies of the letters are enclosed:

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From: Sunil Ambwani; sunilambwani@yahoo.com;
Date: Sun, Aug 27, 2006 at 9:45 PM
Subject: your article on insolvancy laws. manupatra articles
To: rohanbagai@gmail.com

Dear Rohan, i read your article on insolvancy laws . it is a a very good attempt. i appreciate your concerns.you have a clear idea of the subject . keep up with your efforts. congratulations, sunil ambwani justice sunil ambwani company judge alahabad high court

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From: vanayam durgarao <vdrao_law2005@yahoo.com>
Date: Sat, Mar 11, 2006 at 8:11 AM
Subject: appreciation
To: rohanbagai@gmail.com

Hi,

How are you. This is Durga Rao, Advocate, practising in Madras High Court and specialized in company matters. I have seen your article on corporate insolvency published in manupatra.

I have worked on all aspects of company law, be it amalgamation, investigation, oppression and mismanagement, winding up etc., I had a privilage of looking into the various provisions of company law.

I am impressed with your analytical approach in dealing with the most controversial subject ever in the companies act. Your analysis of delay before BIFR and before High Court in other matters like settlement or amalgamation exposes the concern of various experts in the field. As rightly highlighted by you, the new NCLT also be burdened with the enormous litigation as usual.

One principle is underlying in your entire analysis that the presiding officers must excercise great amount of skill and care while dealing with the matters of revival and rehabilitation.

I personally, believe that the problem lies in the way our judges or presiding officers deal with the matters especially corporate matters where the stakes are sky high. I think, after abolishing BIFR and after establishing Tribunal wherein the procedure is simplified, I dont think that now the procedure can be blamed for the long pending litigation especially in amalgamation matters.

I express my happiness and say thanks to you for presenting such a meritorious work on a controvertial aspect of corporate law.

Yours Sinceely,

V.DURGA RAO

ADVOCATE

MADRAS HIGH COURT

NO.14, RAMA RAO RAOD,

BEHIND NAGESWARA PARK,

MYLAPORE,

CHENNAI.

Ph.98840 83496