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The NCLAT held that once the claim of a creditor is taken into consideration in the ‘Resolution Plan' by providing them the same treatment as other similarly situated Creditors, thereafter the creditor cannot take ...

The NCLT, Special Bench, Kolkata through its judgment dated 18.06.2026, in Indian Bank vs. Santosh Jhawar, Personal Guarantor of M/s Burgundy Life Style Pvt. Ltd. , held that an acknowledgment of liability by Principal Borrower extends the limitation period for Personal Guarantor and maintainability of a Section 95 proceeding is not conditioned upon prior initiation of Corporate Insolvency Resolution Process (“CIRP”) against the Principal Borrower.

The NCLAT, Principal Bench through its judgment dated 03.08.2026 in the matter of Ammeet Kumar Agarwal vs. Ssarvi Resolution Services LLP, Resolution Professional of Supreme Transport Organisation Pvt. Ltd., affirmed the order of the NCLT, Mumbai directing the suspended directors of the Corporate Debtor to jointly and severally restore funds to the Corporate Debtor’s account withdrawn during Corporate Insolvency Resolution Process.

National Company Law Tribunal, Mumbai vide its order dated 3rd July, 2017, clarified that the application of moratorium under section 14 of the Insolvency and Bankruptcy Code, 2016

The recently introduced Insolvency and Bankruptcy Code, 2016 has brought in its wake several judgments and orders which are changing the landscape of the financial markets in an unprecedented manner.

In what appears to be another step towards increasing the efficacy of the insolvency resolution process in India, the RBI, further relaxed the regime on ECBs in India by way of a circular dated 7 February 2019.

This Judgment triggered for the amendments in the code by the central Government.

We are pleased to share with you a copy of our newsletter "Between the Lines", February 2020, a briefing on legal matters of current interest.

On October 24, 2019, CCI approved the acquisition of 100% of the total issued and paid-up equity share capital of Kwality Limited (‘Kwality') (which is undergoing insolvency resolution...

On June 3, 2019, CCI approved the proposed joint acquisition of up to 100% of the total issued and paid up share capital of each of Uttam Galva Metallics Limited (‘UGML') and Uttam Value Steel Limited

In the Union Budget 2020-21, amendment has been proposed to be made in Section 140 and Section 288 of Income Tax Act, 1961 in order to give power to the Interim Resolution Professional/Resolution Professional ...

Our Partner Gautam Bhatikar and Associate Partner Neha Naik co-authored an article on 'Cross-border insolvency: a way forward for the Indian framework.'

In an important decision, the principal bench of National Company Law Tribunal at New Delhi has held that financial service providers like NBFCs are exempt from insolvency proceedings under the Insolvency and Bankruptcy Code 2016.

IBBI, vide notification dated February 15, 2024, issued the IBBI (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2024...

Late filings and sketchy paperwork have long hampered the insolvency resolution of personal guarantors to corporate debtors. Recognising that every missing Form erodes both...

The Insolvency and Bankruptcy Board of India (“IBBI”), vide notification dated 19.05.2026, has notified the IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2026) (“CIRP Amendment Regulations”) to amend the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (“CIRP Principal Regulations”).

The Insolvency and Bankruptcy Board of India ("Board") has introduced amendment in the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017...

The Insolvency and Bankruptcy Code ("IBC") Bill has been passed by both the Houses of Parliament and has received the assent of the President on May 28, 2016.