Insights & Resources

The Supreme Court: Guarantors with unpaid guarantees cannot claim as financial creditors under the IBC.

NCLAT enforces strict adherence to cash payments for operational creditors, highlighting statutory compliance in insolvency resolutions.

Introduction In a landmark ruling, the Hon’ble Bombay High Court ( ‘HC’ ) addressed a pivotal issue concerning the interplay between the...

Introduction The Insolvency and Bankruptcy Board of India ( ‘IBBI’ ), deriving power from ss. 196, 208 read with s. 240 of the Insolvency...

Introduction The Insolvency and Bankruptcy Board of India ( ‘IBBI’ ) recently introduced a crucial amendment [i] to the insolvency...

Introduction The National Company Law Appellate Tribunal, New Delhi ( ‘NCLAT’ ) in the case of Globe Capital Market Ltd. v. Narayan...

Introduction In this case, SBI & Ors. v. Consortium of Murari Lal Jalan and Florian Fritsch & Anr . [i] , the appeals before the Hon’ble...

NCLAT enforces strict CIRP timelines, dismissing Kotak Bank's 738-day late claim.

Introduction The Insolvency and Bankruptcy Code, 2016 ( ‘IBC’ ) has been a transformative legislation in India, aiming to provide a...

Introduction In the recent case of Bharti Airtel Ltd. ( ‘BAL’ ) v. Vijaykumar V. Iyer [i] , the Hon’ble Supreme Court ( ‘SC’ ) clarified...

Introduction This case,  Vishram Narayan Panchpor v. Committee of Creditors [i] , involves an appeal before the National Company Law...

Introduction In the recent judgment in the matter of DBS Bank Limited Singapore v. Ruchi Soya Industries Limited and Another [i] , the...

Introduction The case Mahendra Kumar Agarwal v. PTC India Financial Services Ltd. [ i ] addresses a contentious issue: whether a...

IBC was enacted to expedite insolvency proceedings and to facilitate timely and effective resolution of insolvency by involving relevant...

[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...

In a landmark ruling, the SC emphasizes the supremacy of IBC’s provisions over the Electricity Act, impacting asset liquidation priorities.

NCLAT rules against bias in creditor payouts, mandates equitable distribution in Akashganga case.

NCLAT: DRT case pendency doesn't block IBC s. 7 rights.

Gluckrich Capital Private Limited v State of West Bengal Introduction On 19.05.2023, the Hon’ble Supreme Court rejected an application...

[SC] Once the NCLT is satisfied that there is a debt which is in default of payment, an application under section 7 of the IBC should be...