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ARTICLE · 30 DECEMBER 2021

Indian Insolvency Yearly Roundup 2021

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The year ended on a high note, with several noteworthy judgments being delivered by the Supreme Court, NCLATs and NCLTs across India in matters involving the Insolvency and Bankruptcy, Code 2016.

IndiaInsolvency/Bankruptcy/Re-Structuring
Harshvardhan Korada
Harshvardhan Korada
Saurabh Babulkar
Saurabh Babulkar
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The year ended on a high note, with several noteworthy judgments being delivered by the Supreme Court, NCLATs and NCLTs across India in matters involving the Insolvency and Bankruptcy, Code 2016. We cover a few such decisions rendered in the year 2021 that discuss and set out the legal position concerning the interpretation and applicability of provisions of the Insolvency and Bankruptcy Code, 2016.

  1. Manish Kumar v. Union of India (UoI) and Ors.
    Supreme Court of India
    Citation: 2021 SCC OnLine SC 30
    Decided on: 19.01.2021

The minimum threshold prescribed in the Insolvency and Bankruptcy Code (Amendment) Act, 2020 for allottees wishing to file an insolvency petition against builders and real estate companies, is constitutionally valid and in line with the spirit of the Insolvency and Bankruptcy Code, 2016.

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