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Supreme Court Enforces Consent Terms, Revokes Insolvency Orders, and Revives Corporate Debtor
The Supreme Court enforced the consent terms, revoked the insolvency orders, and revived the corporate debtor. The Supreme Court Full...
Aug 31, 20242 min read


High Court Dismisses Contempt Petition, Finding No Willful Disobedience in Context of Insolvency and Arbitration Compliance
The High Court dismissed the contempt petition, finding no willful disobedience in the context of compliance with insolvency and...
Aug 31, 20243 min read


NCLAT Upholds Retroactive Suspension of IRP, Validates Replacement Amid Ongoing CIRP Proceedings
The NCLAT upheld the retroactive suspension of an Interim Resolution Professional (IRP) and validated the appointment of a replacement...
Aug 30, 20242 min read


NCLAT Validates Post-Expiry CoC Decisions and Resolution Plan Following CIRP Extension Granting, Dismissing Claims of Illegality
The NCLAT validated the decisions of the Committee of Creditors and the Resolution Plan approved after the CIRP expiry, following the...
Aug 30, 20242 min read


Bank Cannot Proceed with SARFAESI Act Enforcement Against Personal Guarantors During Interim Moratorium Under the Insolvency and Bankruptcy Code
NCLAT held that the bank could not proceed with the enforcement of the SARFAESI Act against personal guarantors during the interim...
Aug 29, 20242 min read


High Court Rules Corporate Debtor’s Criminal Liability Extinguished Post-Resolution Plan Approval Under IBC, But Excludes Directors' Personal Liability
The High Court ruled that the criminal liability of a corporate debtor is extinguished following the approval of a resolution plan under...
Aug 29, 20242 min read


High Court Overrules Lookout Circular (LOC) for Loan Default: Reinforces Fundamental Right to Travel
The High Court overruled the Lookout Circular issued due to loan default, reinforcing the fundamental right to travel. The Delhi High...
Aug 29, 20242 min read


NCLAT Orders Fresh Review of Section 7 Application, Allowing Submission of Full Documentation for Fair Consideration
The NCLAT has ordered a fresh review of the Section 7 application, allowing the appellant to submit complete documentation for a fair...
Aug 28, 20242 min read


IBBI Invites EoI from Institutions to Develop a Post Graduate Insolvency Programme (PGIP) Aimed at Cultivating Highly Qualified Insolvency Resolution Experts
The Insolvency and Bankruptcy Board of India (IBBI) is seeking Expressions of Interest (EoI) from eligible institutions to conduct the...
Aug 28, 20241 min read


NCLAT Upholds the Committee of Creditors' Discretionary Authority in Approving Resolution Plan Despite Objections
The NCLAT upheld the Committee of Creditors' discretionary authority to approve a resolution plan despite objections. The National...
Aug 28, 20243 min read
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