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Category: IBC

NCLAT Ruling: Understanding Related Party Exclusion from Committee of Creditors

A Significant Decision Affirming Resolution Professional’s Authority Under IBC In a significant ruling that clarifies the scope of Resolution Professional’s powers under the Insolvency and Bankruptcy Code (IBC),

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NCLAT Ruling: Section 12A Withdrawals Constitute Full and Final Settlement

Recent Precedent on CIRP Withdrawal and Deposit Refundability In a significant ruling that clarifies the finality of settlements under the Insolvency and Bankruptcy Code (IBC), the National Company

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Section 7 IBC Applications: NCLAT Clarifies That Debt Acknowledgment and Default Trump Allegations of Mismanagement

Key Takeaways: Background of the Case In a significant ruling that provides clarity on the scope of Section 7 applications under the Insolvency and Bankruptcy Code (IBC), the

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IBBI’s Latest Amendments: A Game-Changer for Homebuyers in Distressed Real Estate Projects

In a significant move that promises to revolutionize the landscape of real estate insolvency proceedings, the Insolvency and Bankruptcy Board of India (IBBI) has introduced groundbreaking amendments to

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Supreme Court Orders Liquidation of Jet Airways: A Landmark Decision Under IBC

In a significant and unprecedented move, the Supreme Court of India has invoked its extraordinary powers under Article 142 of the Constitution to order the liquidation of Jet

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Supreme Court gave much needed clarity on limitation period for operational claims in insolvency cases

Supreme Court Clarifies Limitation Period for Operational Claims in Insolvency Cases In a pivotal ruling in March 2023, the Supreme Court of India provided much-needed clarity on the

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Suprme court clarifies the limited scope of NCLT once the default is established

Supreme Court Clarifies the Limited Scope of Discretion Under Section 7 of the I&B Code. In a significant ruling in May 2023, the Supreme Court of India reiterated

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Suprme court affirms rights of secured creditors over pledged shares under IBC

Supreme Court Affirms Rights of Secured Creditors Over Pledged Shares Under I&B Code In a landmark decision in May 2023, the Supreme Court of India reiterated the entitlements

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RBI Highlights the Impact of IBC on Stressed Assets Resolution

In a recent speech, a senior official from the Reserve Bank of India (RBI) highlighted the significant impact of the Insolvency and Bankruptcy Code (IBC) on the resolution

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Supreme Court Provides Guidance on Financial Debt Under IBC

In a landmark ruling, the Supreme Court has provided comprehensive guidance on the classification of financial debt under the Insolvency and Bankruptcy Code (IBC). The Court has laid

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