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Dec 24, 2025
Asset-Wise Resolution Plans Under IBC: How Multiple Bids Could Reshape CIRP and Value Maximisation
India’s insolvency regime may be poised for a structural shift as proposed amendments to the IBC contemplate asset-wise and business-unit resolution plans. This analysis ...
Mrs. Rachna Gupta, Advocate
Nov 19, 2025
IBBI Issues New Directive to Strengthen Section 29A Due Diligence: Resolution Professionals Now Required to Place Mandatory Eligibility Note Before CoC
In a significant regulatory intervention aimed at reinforcing the transparency and integrity of India’s insolvency resolution ecosystem, the Insolvency and Bankruptcy Boa...
Mrs. Rachna Gupta, Advocate
Apr 2, 2024
Navigating Valuation Challenges in Corporate Insolvency Resolution: A Case Analysis of M/s. Jeypore Sugar Company Limited
Corporate insolvency resolution processes (CIRP) and subsequent liquidation proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC) are complex procedures aimed ...
REEDLAW
LATEST CASE LAWS
Supreme Court
High Court
NCLAT
The appeal was filed by the Financial Creditor challenging the concurrent rejection of a Section 7 application by the Adjudicating Authority and the Appellate Tribunal. The petition sought initiation of the corporate insolvency resolution process against the Corporate Debtor in respect of default arising from redeemable non-convertible debentures governed by a Debenture Trust Deed.
The core issue before the Court was whether informal restructuring negotiations could override the binding modification mechanism under the Debenture Trust Deed so as to defeat a Section 7 applicatio...
Catalyst Trusteeship Limited v. Ecstasy Realty Private Limited, REEDLAW 2026 SC 02629
February 24, 2026
REEDLAW 2026 SC 02629
The Appeal had challenged the dismissal of the writ petition and review petition whereby the disciplinary order suspending the Appellant’s registration as an Insolvency Professional for a period of two years was upheld. The Court noted that the Respondent had exercised powers under Section 220(2) of the Insolvency and Bankruptcy Code, 2016 after finding multiple violations of statutory duties and the Code of Conduct, including failure to conduct due diligence in verifying eligibility of a Joint Resolution Applicant, suppression of material facts from the Committee of Creditors, ...
Vivek Raheja v. Insolvency and Bankruptcy Board of India
January 9, 2026
REEDLAW 2026 Del 01543
The Appellant, an ex-director of the Corporate Debtor, challenged the admission of a Section 7 application filed by the Financial Creditor. It was contended that the Corporate Debtor was viable, that the default arose due to the arbitrary conduct of consortium banks, that the second Section 7 petition was barred by res judicata, and that the RBI Prudential Framework dated 07.06.2019 had been violated.
The Appellate Tribunal examined the financial documents and recorded that the debt and default were crystallised and repeatedly acknowledged through revival letters, acknowledgeme...
Uday J. Desai v. Bank of India and Another, REEDLAW 2026 NCLAT Del 02639
February 27, 2026
REEDLAW 2026 NCLAT Del 02639
DRAT
The Appellant Bank had granted a housing loan to the borrowers, which was secured by creation of a mortgage over the subject property. The borrowers subsequently transferred the mortgaged property to a third party purchaser during the subsistence of the mortgage. Upon default in repayment, the loan account was classified as a non-performing asset, following which statutory measures under the SARFAESI Act were initiated, including issuance of demand notice and taking of symbolic and physical possession.
The purchaser challenged the enforcement proceedings before the Tribunal, co...
Authorized Officer, IDBI Bank Limited v. Sunita Devi and Others, REEDLAW 2026 DRAT Ald 01259
