2,111 results found

On 20 March 2025, the National Company Law Appellate Tribunal (NCLAT) delivered a judgment in the case of Phoenix ARC Private Limited vs. Kuldeep Verma...

A significant amendment by Act No. 26 of 2018 (w.e.f. 6-6-2018) was brought in the form of insertion of Section 12A which provided for withdrawal of applications admitted under Section 7, 9 or 10 of the Insolvency and Bankruptcy Code, 2016 ...

Question: What will be the status of a scheme of compromise or arrangement initiated under section 230 of the Companies Act, 2013 if the Corporate Insolvency Resolution ("CIR")...

The Insolvency and Bankruptcy Code, 2016 nearly after two years of its operation has undergone some significant amendments by way of the Insolvency and Bankruptcy Code (Amendment) Ordinance 2018.

In a significant ruling , the National Company Law Tribunal (NCLT), New Delhi Bench, dismissed an application seeking the dissolution of M/s Shakti Bhog Snacks Limited (SBSL) under Section 54 of the Insolvency and Bankruptcy Code, 2016 (IBC).

On 5 May 2017, a day after the recent Banking Regulation (Amendment) Ordinance, 2017 (Ordinance) received Presidential assent, the Reserve Bank of India issued a circular on...

Thereafter, the Appellant addressed a Demand Notice under Section 8 of IBC to the Respondent, to which the Respondent denied that any debt was owed by them to the Appellant.

The Supreme Court on December 3, 2019, in an appeal filed in the case of Embassy Property Developments Pvt. Ltd, held that though the National Company Law Tribunal and the National Company Law Appellate Tribunal ...

While the case for employees may be rooted in social welfare, liquidation as a going concern of a financially troubled entity also makes sound business sense.

The pros and cons, present need and future utility of such a process are briefly assessed below.

The Supreme Court in Sincere Securities Pvt. Ltd. & Ors. v. Chandrakant Khemka & Ors. (2025 INSC 931)reaffirmed the primacy of the Committee of Creditors' (CoC) commercial wisdom...

The Hon'ble Supreme Court vide its order dated April 18, 2022 in State Bank of India Vs Krishidhan Seeds Private Limited has observed that Section 18 of the Limitation Act...

Insolvency and Bankruptcy Code (IBC) was enacted on May 28, 2016 to effectively deal with insolvency and bankruptcy of corporate persons, partnership firms and individuals, in a time bound manner.

The Insolvency and Bankruptcy Board of India ("IBBI") has recently implemented significant revisions via the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process...

The Insolvency and Bankruptcy Board of India's latest modification to the Corporate Insolvency Resolution Process (CIRP) framework marks a significant regulatory...

The Supreme Court of India recently addressed the issue of the applicability of the doctrine of "election" under the Insolvency and Bankruptcy Code...

The Supreme Court, in its recent judgment, reiterated the overriding effect of the Insolvency and Bankruptcy Code, 2016 (IBC). Further, the Hon'ble Court has also expressly discussed...

Jet Airways an erstwhile premium airline operating primarily in Indian air space has been suffering financial distress for almost a decade now.