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IBC | Strengthening Accountability: Recent Amendments to IBBI (Liquidation Process) Regulations, 2016
In a significant move to fortify the regulatory framework of the liquidation process, the Insolvency and Bankruptcy Board of India (IBBI)...
Mar 7, 20243 min read
MSME Status at CIRP Initiation Does Not Disqualify If Acquired Before the Submission of a Resolution Plan
The NCLAT, Principal Bench overturned an Adjudicating Authority decision, stating that MSME status at CIRP initiation does not disqualify...
Mar 6, 20242 min read
Insolvency and Bankruptcy Board of India (IBBI) Releases Report on Voluntary Liquidation Processes, Revealing Key Financials and Timelines
In a significant development, the Insolvency and Bankruptcy Board of India (IBBI) has unveiled the outcomes of Voluntary Liquidation...
Mar 5, 20241 min read
Resolution Professional's role is not to decide jurisdictional issues but to facilitate the process
The National Company Law Appellate Tribunal (NCLAT), New Delhi bench comprising Justice Ashok Bhushan and Barun Mitra was hearing an...
Mar 5, 20242 min read
After the Approval of a Resolution Plan by the CoC, There is No Jurisdiction to Consider a Fresh Settlement Proposal under Section 12A
The bench of Justice Ashok Bhushan, Barun Mitra and Arun Baroka at the National Company Law Appellate Tribunal (NCLAT), New Delhi held...
Mar 3, 20242 min read
Mere Fact of Being a Former Promoter or Director Did Not Make Him Ineligible to Submit a Resolution Plan
The National Company Law Appellate Tribunal (NCLAT), Delhi Bench comprising Justice Ashok Bhushan, Chairperson with Technical Members,...
Mar 1, 20242 min read
Standard Penalty Provisions and Security Measures in the Agreement Cannot Alter the Fundamental Character of the Transaction
The National Company Law Appellate Tribunal, Principal Bench, New Delhi headed by Justice Ashok Bhushan held that Standard penalty...
Mar 1, 20242 min read
Supreme Court's Personal Guarantor Insight Empowers Creditors in Insolvency Maze under IBC
Supreme Court's clarification on the legality of notifications related to personal guarantors (PGs) under the Insolvency and Bankruptcy...
Feb 25, 20243 min read
The Mediation Act 2023 receives the assent of the President
The Mediation Act, 2023 received the assent of the President on the 14th of September 2023. It has been published by the Legislative...
Sep 22, 20232 min read
Even though an alternative statutory remedy exists, High Court can still exercise its jurisdiction
Kerala High Court Single Judge Bench of Justice Gopinath P. held that even though an alternative statutory remedy exists, the Court can...
Aug 4, 20232 min read
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