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NCLAT Holds CoC Can Extend Timeline for EoIs and Resolution Plans Without Fresh Form-G, Affirms Commercial Wisdom in Approving Resolution Plan
The NCLAT held that the Committee of Creditors (CoC) is empowered to extend the timeline for submission of Expressions of Interest (EoIs)...
Jun 23 min read


Supreme Court Grants Interim Relief to Kalyani Transco, Stays NCLT Action Pending Review
The Supreme Court granted interim relief to Kalyani Transco and stayed the proceedings before the NCLT pending the filing and disposal of...
Jun 23 min read


Insolvency and Bankruptcy Code’s Transformational Impact: IIM Bangalore Study Reveals Stronger Credit Discipline, Lower Debt Costs, and Improved Corporate Governance
A recent research study titled Behavioural Impact of the Insolvency and Bankruptcy Code (IBC) conducted by the Indian Institute of...
Jun 22 min read


NCLAT Holds Refundable Fund Infusion as Financial Debt Under IBC Even Without Interest, Where Transaction Reflects Time Value of Money
The NCLAT held that a refundable fund infusion qualifies as financial debt under the IBC, even without interest, where the transaction...
Jun 13 min read


NCLAT Quashes CIRP: Pre-Existing Disputes Override Section 9 IBC Admission Against the Corporate Debtor
NCLAT quashed the initiation of CIRP against the Corporate Debtor, holding that pre-existing disputes barred the admission of a Section 9...
Jun 13 min read


Financial Creditor’s Control No Shield for Default: NCLAT Affirms CIRP Against Shree Vardhman Infraheights Despite PMC Oversight
NCLAT held that the financial creditor’s involvement and control through the Project Monitoring Committee (PMC) did not shield the...
Jun 13 min read


IBC Trigger Upheld Despite No Dues Certificate: NCLAT Affirms Balance Sheet Acknowledgement as Valid Debt Admission
NCLAT upheld the initiation of the Corporate Insolvency Resolution Process under the IBC despite the existence of a No Dues Certificate,...
May 313 min read


IBBI Notifies Fourth Amendment to CIRP Regulations, 2025: Enhancing Creditor Rights and Procedural Clarity
IBBI’s Fourth Amendment to CIRP Regulations, 2025 boosts transparency, flexibility, and creditor protection in insolvency resolution. On...
May 302 min read


Homebuyers' Dominance in CoC Does Not Override Statutory CIRP Framework Under IBC
NCLAT held that homebuyers' dominance in the Committee of Creditors does not override the statutory Corporate Insolvency Resolution...
May 303 min read


Supreme Court Upholds Mandatory Statutory Arbitration u/s 11 SARFAESI Act for Inter-Creditor Disputes Involving Priority of Charge Between Banks on the Same Secured Asset
The Supreme Court has upheld mandatory statutory arbitration under Section 11 of the SARFAESI Act for inter-creditor disputes involving...
May 293 min read
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