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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 Supreme Court examined whether the Deed of Undertaking executed by the Respondent, in its capacity as promoter of the Corporate Debtor, constituted a contract of guarantee under Section 126 of the Indian Contract Act, 1872 so as to render the Respondent liable as a guarantor for the financial facilities availed by the Corporate Debtor. The Court reiterated that a contract of guarantee requires three essential elements, namely, the existence of a principal debt, default by the principal debtor, and an express and unambiguous promise by the surety to discharge the liability of...
UV Asset Reconstruction Company Limited v. Electrosteel Castings Limited
January 6, 2026
REEDLAW 2026 SC 01519
The Court considered a writ petition filed by a successful auction purchaser seeking physical possession of a secured immovable asset under the SARFAESI Act, 2002, despite the commencement of an interim moratorium under Section 96 of the Insolvency and Bankruptcy Code, 2016. The Bank, as a secured creditor, had conducted an auction after issuing a sale notice under Rule 8(6) of the SARFAESI Rules and had confirmed the sale in favour of the Petitioner upon receipt of part consideration. Subsequently, the Borrower filed an application for initiation of personal insolvency, which t...
Arrow Business Development Consultants Private Limited v. Union Bank of India and Others
December 10, 2025
REEDLAW 2025 Bom 12205
The Appeal had been filed under Section 61 of the Insolvency and Bankruptcy Code, 2016, challenging the dismissal of an interlocutory application by which the Appellant, a Secured Financial Creditor who had either abstained from voting or dissented from the Resolution Plan, sought parity in distribution of the resolution value with other assenting Secured Financial Creditors. The Appellant contended that discrimination in payment solely on the basis of voting behaviour was impermissible and contrary to Section 30(2)(b)(ii) read with Explanation I of the Code, which mandated fair...
Bank of Maharashtra v. Vandana Garg and Others
January 9, 2026
REEDLAW 2026 NCLAT Del 01529
DRAT
An appeal was preferred against the order by which the Tribunal below had dismissed the securitisation application and upheld the auction sale conducted by the Financial Creditor under the SARFAESI Act. It was an admitted position that financial assistance had been availed by the borrower, and the Appellant had stood as guarantor by creating an equitable mortgage over the secured property. The account was classified as NPA, and proceedings under Sections 13(2) and 13(4) of the SARFAESI Act were initiated, culminating in the issuance of an auction sale notice and the sale of the ...
Renu Singh, v. Authorized Officer, Union Bank of India and Another
