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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 31, 20253 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 30, 20252 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 30, 20253 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 29, 20253 min read


NCLAT Sets Aside NCLT Order; Reaffirms That Silence to Section 8 Notice Does Not Bar Proof of Pre-Existing Dispute Under IBC
The NCLAT set aside the NCLT’s order and reaffirmed that failure to respond to a Section 8 notice does not bar the Corporate Debtor from...
May 29, 20253 min read


NCLAT Strikes Down Non-Speaking Order on IRP Fees, Commands Detailed Justification and Prompt Reconsideration
The NCLAT set aside the non-speaking order on IRP fees and directed a detailed justification along with a prompt reconsideration of the...
May 28, 20253 min read


NCLAT Rules with Finality: Security Deposit Without Time Value of Money is Not Financial Debt Under IBC
The NCLAT has ruled with finality that a security deposit lacking the element of time value of money does not qualify as a financial debt...
May 28, 20253 min read


Streamlined Compliance in CIRP: Launch of Revised Reporting Framework and Forms by IBBI
The IBBI has introduced a simplified and consolidated reporting framework for CIRP, replacing nine existing forms with five new ones...
May 28, 20253 min read


NCLAT Quashes Contempt Conviction of Government Officials After Full Compliance and Unqualified Apology for Non-Wilful Breach of Liquidation Order
The NCLAT quashed the contempt conviction of government officials after they fully complied with the liquidation order and tendered an...
May 27, 20252 min read


IBC Recoveries Peak at 70% in Q4 FY2025 Amid Fewer Liquidations, but Resolution Delays and NCLT Bottlenecks Persist: ICRA
ICRA reports a record 70% recovery under the IBC in Q4 FY 2025 driven by large cases, even as resolution delays and NCLT inefficiencies...
May 27, 20252 min read
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