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The Circular dated 28th September 2023, issued by the IBBI, is partly ultra vires as it introduces new standards not supported by existing law: Bombay HC

Bombay High Court held that the Circular dated 28th September 2023, issued by the IBBI, is partly ul...

Jun 25, 2024

NCLAT dismissed the appeal against the Liquidator due to lack of merit and non-cooperation by the Appellant

NCLAT dismissed the appeal against the Liquidator due to lack of merit and non-cooperation by the Ap...

Jun 24, 2024

Liquidator's fees should be calculated based on the liquidation period determined by the NCLT

NCLAT, New Delhi held that the liquidator's fees should be calculated based on the liquidation perio...

Jun 24, 2024

Invitation for Stakeholder Comments on Draft Format for Liquidation Progress Reports

The Insolvency and Bankruptcy Board of India (IBBI) is dedicated to fostering transparency, efficien...

Jun 23, 2024

Security deposits carrying interest at 21% per annum, constituted financial debt under Section 5(8) of the IB Code

Supreme Court held that the security deposits under the agreements, carrying interest at 21% per ann...

Jun 22, 2024

When a statute incorporates specific provisions from another statute, subsequent amendments to the latter statute do not affect the former statute

Supreme Court observed when a statute incorporates specific provisions from another statute, subsequ...

Jun 22, 2024

Insolvency and Bankruptcy Board of India (IBBI) Invites Applications for the Post of Whole Time Member

The Insolvency and Bankruptcy Board of India (IBBI) invites applications for the position of Whole T...

Jun 8, 2024

LATEST CASE LAWS

The High Court emphasized that the petition challenging the IBBI Disciplinary Committee's order was timely and warranted further examination due to po...

Jun 12, 2024

The NCLAT dismissed the appeal due to the appellant's failure to provide plausible reasons for a 644-day delay in re-filing and an 89-day delay in fil...

Jun 11, 2024

The NCLAT upheld the initiation of the CIRP against the Corporate Debtor Jaiprakash Associates Ltd (JAL) under Section 7 of the IBC, citing JAL's prol...

Jun 10, 2024

The High Court held that under Sections 31 and 238 of the Insolvency and Bankruptcy Code, an approved resolution plan is binding on all creditors, inc...

Jun 5, 2024

The NCLAT upheld the substitution of 'Phoenix Arc Pvt. Ltd.' for 'L&T Finance Ltd.' in a Section 7 application under the Insolvency and Bankruptcy Cod...

May 28, 2024

The adjustment of a tax refund by the Respondent (Income Tax Department) against the outstanding tax liability of the Corporate Debtor during the mora...

May 24, 2024

The NCLAT held that the nature of Compulsorily Convertible Debentures (CCDs), as per the Debenture Subscription Agreement (DSA), constitutes equity ra...

May 22, 2024

The NCLAT dismissed the appeal, ruling that the appellant's delayed claim for stamp duty and penalties was invalid, as all claims were deemed settled ...

May 20, 2024

The NCLAT upheld the Adjudicating Authority's decision, emphasizing two key points. Firstly, the JV agreement clearly allocated financial liabilities ...

May 16, 2024

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Navigating Valuation Challenges in Corporate Insolvency Resolution: A Case Analysis of M/s. Jeypore Sugar Company Limited

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The Legal Dynamics of Dishonour of Cheques in India: A Detailed Overview

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Upholding Financial Rights: A Legal Analysis of Limited Guardianship under the Rights of Persons with Disabilities Act, 2016

Mrs. Rachna Gupta, Advocate

Supreme Court's Interpretation on the Forfeiture of Earnest Money in Auction Sale under the SARFAESI Proceedings

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Ensuring Transparency in Insolvency Proceedings: A Call for Equitable Information Access

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