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IBBI Mandates Exclusive Use of Baanknet Auction Platform for Liquidation Process
The Insolvency and Bankruptcy Board of India (IBBI), through its Circular No. IBBI/LIQ/84/2025, dated 28th March 2025, has made it...
Apr 32 min read
Supreme Court Upholds Creditor Rights in Avoidance Recoveries and Reinforces CoC's Commercial Primacy Under IBC
In a landmark judgment, the Supreme Court upheld creditor rights in avoidance recoveries and reinforced the commercial primacy of the CoC...
Apr 33 min read
Supreme Court Reaffirms Statutory Presumption Under NI Act – Mere Denial by Accused Insufficient to Rebut Liability
The Supreme Court reaffirmed the statutory presumption under the Negotiable Instruments Act, holding that mere denial by the accused was...
Apr 33 min read
NCLAT Upholds Pro-Rata Distribution of Liquidation Proceeds Under Section 53(1) of IBC, Rejects Security Interest-Based Allocation
The NCLAT upheld the pro-rata distribution of liquidation proceeds under Section 53(1) of the Insolvency and Bankruptcy Code (IBC) and...
Apr 24 min read
Wilful Defaulter Classification Must Adhere to Principles of Natural Justice – High Court Strikes Down Arbitrary Declaration Based on a Discredited Audit Report
The High Court ruled that the classification of a wilful defaulter must adhere to the principles of natural justice and struck down the...
Apr 24 min read
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