IBBI is organising 17th Advanced Workshop on Case Study of Resolution of JEKPL & Monnet Ispat (MIEL)

Aug 12, 2022

An intention to initiate CIRP for ‘Recovery’ of their dues is not the ultimate purpose of the Code

Aug 11, 2022

IBBI with IIM Bangalore organises 2nd International Research Conference on Insolvency and Bankruptcy

Aug 10, 2022

SC: The documents can be filed at any time until the application for CIRP is finally dismissed

Aug 9, 2022

The Insolvency & Bankruptcy Board invites applications for the post of Whole Time Member in the IBBI

Aug 6, 2022

A duly audited Balance Sheet will act as an acknowledgement of debt

Aug 6, 2022

The right to cross-examine the respondent-complainant cannot be denied to the appellant under NI Act

Aug 5, 2022

Application u/s 7 IBC would not be barred if there is a valid acknowledgement of the debt by the CD

Aug 4, 2022

Every person connected with the company does not fall within the ambit of Section 141 of the NI Act

Aug 3, 2022


Sep 4, 2021

Supreme Court to Canara Bank: Go after big fish if concerned about NPAs

The Supreme Court remarked on Tuesday that instead of pursuing tiny loans of a few thousand rupees, public sector banks should...

Dec 22, 2020

Govt. extends suspension of IBC till March 2021

The suspension of Insolvency and Bankruptcy Code, 2016 (IBC) has been extended for another three months. Finance Minister Nirmala...

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Nov 19, 2021

Effect of Moratorium on Arbitration Proceedings

Insolvency and Bankruptcy Code, 2016 (IBC/Code) which received presidential assent on 25th May, ...


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Sep 3, 2021

Section 7 Application of IBC cannot be allowed if Petition filed collusively

Section 7: Initiation of corporate insolvency resolution process by the financial creditor:
7. (1) A financial creditor either by itself or jointly with [other financial ...

K. Bavana

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Sep 3, 2021

Role of Banking Ombudsman in India - An Analysis

The best quality of service supplied to a customer is currently the most significant thing to consider in the banking system. If the customer service offered meets the cl...


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Sep 1, 2021

"Preferential Transaction" and "Relevant Time" under Section 43 of IBC

The present Appeal was filed challenging the Impugned Order dated 26.02.2021 passed by the Adjudicating Authority (National Company Law Tribunal, Division Bench-I, Chenna...

R. Haritha


Supreme Court

High Court


It was submitted that the issues involved in these writ petitions were similar and akin to those involved in other petitions pending in this Court questioning the validity of Sections 95(1), 96(1), 97(5), 99(1), 99(2), 99(4), 99(5), 99(6) and 100 of the Insolvency and Bankruptcy Code, 2016, wherein notices have been issued with interim orders.
In the meanwhile, petitioner(s) shall not transfer, alienate, encumber or dispose of any of their assets or legal rights or beneficial interest therein; and the Resolution Professional shall not proceed with filling of the report. If the r...

Vyomesh Shah v. Union of India and Others

August 4, 2022

REED 2022 SC 08531

Relevant Clauses of the Circular No.7296 on Promotion Policy makes it clear that Law Officers of the Transferor Banks, who were already Generalist Officers in Scale IV, prior to the Scheme, cannot be considered as Specialist Officers after the Scheme. The petitioners, who were Generalist Officers working in the specialist segment cannot automatically claim that they should be treated as Specialist Officers and any such conversion would be subject to the promotion policy of the Union Bank of India.
Admittedly, in the case on hand, the petitioner had not challenged the validity of...

All India Union Bank Officer Staff Association and Others v. Government of India and Another

April 28, 2022

REED 2022 Mad 04004

It was very much clear that the parties were not in a harmonious relationship and rather the Appellant –Director had initiated multiple litigations which also involved, the some of the transactions captured in this case. The Debit Notes so sent by the CD/Respondent to the Appellant/OC were bearing an acknowledgement. The Appellate Tribunal was not in a position to examine whether it was forged or not forged. It can only be done by the Trial Court/ Civil Court.
It apparently looked astonishing how a firm will keep mum from 2016 to 2018 when such huge amounts were due from the CD ...

Oyster Steel and Iron Private Limited v. Laxmi Foils Private Limited

August 3, 2022

REED 2022 NCLAT Del 08521


Since Respondent Bank had recovered the alleged dues by sale of the secured assets and nothing was due and payable. In view of the submission made by the Counsel for the parties, Appellant was permitted to withdraw the appeal....

Sanjay Kumar Agarwal v. ICICI Bank Limited & Another

March 29, 2022

REED 2022 DRAT Kol 03202


Ministry of Corporate Affairs

Notification No. G.S.R. 153(E)

February 8, 2018


Ministry of Corporate Affairs

Notification No. G.S.R. 831(E)

August 28, 2016


Ministry of Corporate Affairs

Notification No. S.O. 3212(E)

July 13, 2022


Insolvency and Bankruptcy Board of India

Notification No. IBBI/2022-23/GN/REG090

July 5, 2022


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