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The 'Commercial Wisdom' of the Committee of Creditors in Approving a Resolution Plan is Paramount and Not Subject to Judicial Interference
The NCLAT ruled that the 'commercial wisdom' of the Committee of Creditors (CoC) in approving a resolution plan is paramount and not...
Oct 1, 20242 min read
IBBI Celebrates Eighth Annual Day with Keynote Addresses and Recognition of Achievements in Insolvency Resolution
On October 1, 2024, the Insolvency and Bankruptcy Board of India (IBBI) celebrated its Eighth Annual Day, a significant milestone marked...
Sep 30, 20242 min read
High Court rules that the petitioner cannot simultaneously invoke pandemic extensions and the IBC moratorium to delay filing
High Court ruled that the petitioner cannot simultaneously invoke pandemic extensions and the IBC moratorium to delay filing. The...
Sep 30, 20242 min read
NCLAT Grants Extension to Corporate Debtor Despite Failure to Meet NCLT Payment Deadline
The NCLAT granted an extension to the Corporate Debtor despite the failure to meet the payment deadline set by the NCLT. The National...
Sep 28, 20242 min read
Supreme Court Orders Status Quo in Byju Raveendran's Case and Prohibits Resolution Professional from Conducting Committee of Creditors Meetings
The Supreme Court ordered the maintenance of the status quo in Byju Raveendran's case and prohibited the Resolution Professional from...
Sep 28, 20243 min read
The Initiation and Completion of CIRP Are Only Warranted When a Company Is Deemed Bankrupt or Insolvent, and Not Otherwise
High Court held that the initiation and completion of CIRP are only warranted when a company is deemed bankrupt or insolvent, and not...
Sep 27, 20242 min read
High Court Clarifies the Interaction Between Limitation Provisions of the Arbitration Act, 1996, and the Pandemic and IBC, 2016 Moratorium Implications
The High Court clarified the interaction between the limitation provisions of the Arbitration Act, 1996, and the implications of the...
Sep 27, 20242 min read
Once a Resolution Plan is Approved under the Insolvency and Bankruptcy Code, Any Governmental Claims Not Included in the Plan Are Extinguished
The High Court held that once a resolution plan is approved under the Insolvency and Bankruptcy Code, any governmental claims not...
Sep 27, 20243 min read
NCLAT Remands Section 94 Applications for Hearing, Highlighting Due Process in CIRP Against Personal Guarantors
The NCLAT remanded the Section 94 applications for a hearing, emphasizing the importance of due process in the Corporate Insolvency...
Sep 26, 20242 min read
NCLAT Affirms Continuity of Essential Services Under Amended Section 14 of the IBC During Moratorium, Reinforcing Legislative Intent to Protect Corporate Debtor Value
The NCLAT affirmed the continuity of essential services under the amended Section 14 of the IBC during the moratorium, reinforcing the...
Sep 26, 20243 min read
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