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This article examines the judgment of the National Company Law Tribunal, Kochi Bench, in IA(IBC)/303/KOB/2024 in CP(IBC)/57/KOB/2022, arising in the matter of M/s. Thesaurus Projects Private Limited.

National E-Governance Services Limited (NeSL) is India's first Information Utility and is registered with the Insolvency and Bankruptcy Board of India (IBBI) under the aegis of the Insolvency and Bankruptcy Code, 2016 (IBC). The company has been set up by leading banks and public institutions

This means lenders can drag these guarantors to the tribunals alongside their companies if the companies are incapable of paying their debts.

On April 4th, 2021, the Insolvency and Bankruptcy Board of India ("IBBI") notified the Insolvency and Bankruptcy Code (Amendment) Ordinance...

Ministry of Corporate Affairs proposes changes to the Insolvency and Bankruptcy Code for time bound resolution of stressed assets.

On August 9, 2019, in State Bank of India v. M/s. Manibhadra Polycot & Ors., Civil Appeal Nos. 4656-4657 of 2019, the Supreme Court has set aside an order passed by the National Company Law Appellate Tribunal ...

The Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees...

The prohibition contained in section 14 of the Insolvency and Bankruptcy Code 2016, ("the Act") against the initiation and continuation of legal proceedings...

The NCLT was established under Section 408 of the Companies Act, 2013 18 of 2013 w.e.f 01st June 2016 to exercise and discharge all duties and functions conferred on it by or under this Act...

On the second issue, the Supreme Court held that NCLT and NCLAT have the jurisdiction to enquire into questions of fraud in light of Sections 65 and 69 of IBC.

The Supreme Court of India, in a recent judgment, highlights the strict application of limitation provisions in cheque dishonour cases under the Negotiable Instruments Act...

On 15 November 2019, a three judge bench of the Supreme Court delivered its judgment in the much-anticipated matter of Committee of Creditors of Essar Steel India Limited v. Satish Kumar Gupta and Ors., Civil Appeal No. 8766-67 of 2019.

The Insolvency and Bankruptcy Code, 2016 (“IBC”) was introduced as a path-breaking legislation to provide a time-bound and creditor-driven process for the resolution of corporate insolvency in India.

Section 14 of the Indian Insolvency and Bankruptcy Code, 2016 (‘IBC') imposes a moratorium on the initiation and continuation of legal proceedings against a corporate debtor during...

Ajay Kumar Radheysham Goenka ("Appellant") filed an Appeal before the Hon'ble Supreme Court of India ("Supreme Court") challenging the order dated November 01, 2019 passed by the Metropolitan Magistrate...

Thus, the Supreme Court did not explicitly strike down Regulation 30A, but construed it be directory in terms of the facts of each case.

The Bombay High Court has dismissed two writ petitions challenging the appointment of an arbitrator by the Central Registrar of Co-operative Societies under Section 84 of the Multi State Co-operative Societies Act, 2002 (MSCS Act). The Division Bench held that absence of a notice invoking arbitration under Section 21 of the Arbitration and Conciliation Act, 1996 does not stop arbitration under Section 84, that the interim moratorium under Section 96 of the Insolvency and Bankruptcy Code, 2016 (IBC) was of no help to the petitioners, and that appointment of one arbitrator for multiple disputes of the bank does not disqualify him.

The RP collated and verified the claims filed by the creditors of Binani, including, inter-alia, by Central Goods and Service Tax Department, Govt. of India to the extent of INR 72.85 Crores.