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A legal representative requires explicit client authorization to withdraw an application; any withdrawal without such authority is invalid
A legal representative required explicit client authorization to withdraw an application; any withdrawal made without such authority was...
Sep 24, 20242 min read


IBBI Announces Results of the 5th National Online Quiz on Insolvency and Bankruptcy Code, 2016
The Insolvency and Bankruptcy Board of India (IBBI) announced the results of the 5th National Online Quiz on the Insolvency and...
Sep 23, 20241 min read


NCLAT Upholds Dismissal of Section 9 Application, Emphasizing Existence of Pre-Existing Dispute and Non-Completion of Contractual Obligations
NCLAT upheld the dismissal of the Section 9 application, emphasizing the existence of a pre-existing dispute and the non-completion of...
Sep 23, 20243 min read


Appeals under the Insolvency and Bankruptcy Code must adhere to a strict 45-day limitation, dismissing claims of lack of knowledge as insufficient grounds for delay
NCLAT affirmed that appeals under the Insolvency and Bankruptcy Code had to adhere to a strict 45-day limitation, dismissing claims of...
Sep 23, 20242 min read


NCLAT Sets Aside the Order Initiating the CIRP, Clarifies the Standards for Admitting Operational Debt Disputes
NCLAT set aside the order initiating the Corporate Insolvency Resolution Process, releasing the corporate debtor from the process, while...
Sep 23, 20242 min read


Binding Nature of Resolution Plans in Corporate Insolvency: Upholding Pre-CIRP Dues Settlements
NCLAT affirmed that pre-CIRP dues must be settled strictly according to the terms of the approved Resolution Plan, which prohibits the...
Sep 23, 20242 min read


NCLAT Affirms That Interest Cannot Be Considered Part of Operational Debt Under the IBC
The NCLAT affirmed that interest cannot be considered part of operational debt under the Insolvency and Bankruptcy Code. The National...
Sep 22, 20242 min read


Leasehold rights must be legally renewed and that mere applications for renewal do not automatically grant rights
NCLAT upheld the Corporate Debtor's valid leasehold rights, ruling that lease renewals must meet statutory requirements and cannot be...
Sep 22, 20243 min read


High Court Invalidates Post-Approval Reassessment, Affirming Binding Nature of Resolution Plans under the IBC
The High Court invalidated the post-approval reassessment, affirming the binding nature of Resolution Plans under the Insolvency and...
Sep 21, 20243 min read


Mr. Kulwant Singh Takes Charge as Executive Director of the Insolvency and Bankruptcy Board of India
On September 11, 2024, Mr. Kulwant Singh took charge as the Executive Director of the Insolvency and Bankruptcy Board of India (IBBI) in...
Sep 20, 20242 min read
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