Search
Feb 16, 20245 min read
Enhancing Transparency and Efficiency: Key Amendments to Liquidation Process Regulations
Introduction The Insolvency and Bankruptcy Board of India (‘IBBI’) has recently introduced significant amendments through the IBBI...
Feb 6, 20243 min read
Enhancing Voluntary Liquidation Process: Highlights of the IBBI (Voluntary Liquidation Process) (Amendment) Regulations, 2024
Introduction The Insolvency and Bankruptcy Board of India (‘IBBI’) has introduced amendments to the 2017 regulations governing voluntary...
Feb 6, 20242 min read
Understanding the Impact of the IBBI (Bankruptcy Process for Personal Guarantors to Corporate Debtors) (Amendment) Regulations, 2024
Introduction The Insolvency and Bankruptcy Board of India (‘IBBI’) has enacted significant amendments through the IBBI (Bankruptcy...
Feb 6, 20242 min read
Flexibility for Insolvency Professionals Enhanced by IBBI
Introduction The Insolvency and Bankruptcy Board of India (‘IBBI’), deriving power from ss. 196, 208 read with s. 240 of the Insolvency...
Feb 6, 20242 min read
Ensuring Stability: Legal Perspectives on Revised IPA Regulations in India
Introduction On 31.01.2024, the Insolvency and Bankruptcy Board of India (‘IBBI’) introduced significant amendments to the IBBI (Model...
Feb 5, 20243 min read
Enhancing Creditor Involvement: Amendment Introduces Reg. 17A for Presentation and Communication of Repayment Plans
Introduction The Insolvency and Bankruptcy Board of India (‘IBBI’) recently introduced a crucial amendment[i] to the insolvency...
Jan 31, 20243 min read
Supreme Court Resolves Performance Bank Guarantee Dispute in Jet Airways Case: NCLAT Urged to Expedite Appeal
Introduction In this case, SBI & Ors. v. Consortium of Murari Lal Jalan and Florian Fritsch & Anr.[i], the appeals before the Hon’ble...
Jan 25, 20242 min read
NCLAT Rejects the Corporate Debtor’s Late Financial Claim After CIRP Approval
NCLAT enforces strict CIRP timelines, dismissing Kotak Bank's 738-day late claim.
Jan 24, 20243 min read
Insolvency Resolution Process: Adherence to Procedural and Jurisdictional Requirements under IBC
Introduction The Insolvency and Bankruptcy Code, 2016 (‘IBC’) has been a transformative legislation in India, aiming to provide a speedy...
Jan 23, 20244 min read
Comprehensive Analysis of Set-Off Applicability Under the Insolvency and Bankruptcy Code
Introduction In the recent case of Bharti Airtel Ltd. (‘BAL’) v. Vijaykumar V. Iyer[i], the Hon’ble Supreme Court (‘SC’) clarified that...
Jan 22, 20243 min read
Dissecting S. 29A of the IBC: NCLAT Clarifies Resolution Applicant Eligibility in Insolvency Cases
Introduction This case, Vishram Narayan Panchpor v. Committee of Creditors[i], involves an appeal before the National Company Law...
Jan 22, 20244 min read
Dissenting Financial Creditors and Resolution Plans under IBC: Division Bench of Supreme Court Refers Matter to a Larger Bench
Introduction In the recent judgment in the matter of DBS Bank Limited Singapore v. Ruchi Soya Industries Limited and Another[i], the...
Dec 28, 20233 min read
Madras High Court Explores the Boundaries of Valuation Report Sharing by Resolution Professionals
Discover how Madras HC addresses unauthorized VR sharing by RPs in liquidation cases, emphasizing strict IBBI guidelines.
Dec 28, 20233 min read
[NCLT] Amounts Payable Under Successful Resolution Plan Do Not Constitute Financial Debt
NCLT rules that plan payments are not 'financial debt' under IBC s.7.
Dec 22, 20233 min read
The Tribunal Upholds the Validity of Investigations Under S. 213 of the Companies Act, 2013 During CIRP and Liquidation Proceedings
NCLT directs probe into Vikram Structures for illegal sales exceeding 243,037 sq. ft., misappropriating Rs. 136.5 crores.
Nov 24, 20234 min read
Supreme Court Upholds Constitutional Validity of Ss. 95 to 100 of the IBC Provisions Relating to Personal Guarantors
Landmark SC ruling affirms key IBC sections, ensuring fair insolvency processes for personal guarantors.
Nov 6, 20233 min read
Supreme Court’s Landmark Decision: Equal Treatment to Government’s Secured Claims in IBC Cases
Introduction Recently in the case of Sanjay Kumar Agarwal v. State Tax Officer & Anr . [i] , the Supreme Court of India ( ‘SC’ )...
Sep 14, 20238 min read
Taking Control: Voluntary Initiation of Corporate Insolvency
IBC was enacted to expedite insolvency proceedings and to facilitate timely and effective resolution of insolvency by involving relevant...
Aug 19, 20233 min read
IBC Prevails: Violation of S. 295 of Companies Act, 1956 No Bar to Section 7 Application
[NCLAT New Delhi] Violation of S. 295 of the Companies Act, 1956, in itself, is not sufficient ground to reject an S. 7 IBC application...
Jul 22, 20233 min read
[NCLAT] – The Resolution Plan Cannot Discriminate Among the Same Class of Creditors
NCLAT rules against bias in creditor payouts, mandates equitable distribution in Akashganga case.