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The NCLT was recently announced as the adjudicating authority for insolvency proceedings relating to companies, limited liability partnerships and other body corporates under the Insolvency and Bankruptcy Code 2016.

The resolution plan should come from resolution professional or any person, who can really rescue the insolvent business

The Supreme Court of India ("Supreme Court") has in M. Suresh Kumar Reddy v. Canara Bank & Ors1 reiterated that upon being satisfied of the occurrence of a default in making payment by a corporate...

The Insolvency and Bankruptcy Code (IBC), 2016, provides a robust legal framework to resolve insolvency and ensure the timely reorganization of debts.

The IBC was enacted in 2016 to solve myriad issues related to reorganizations and bankruptcy procedures, including multiple and inconsistent laws, delays in providing resolution, and a lack of simplified processes.

As a part of a series of relief measures in response to the current pandemic situation, the Finance Minister of India has announced on May 17, 2020 a proposed suspension of fresh initiation...

Recently, the Hon'ble Supreme Court in the case of Kotak Mahinda Bank Limited vs A. Balakrishnan & another (Civil Appeal No.689 of 2021) has held that any liability arising out of a recovery certificate needs to be treated as financial debt ...

Insolvency and Bankruptcy Code, 2016 ("IBC") has been enacted by the legislature with an intent to revive and rehabilitate companies with a view to maximize value for all stakeholders.

The Financial Resolution and Deposit Insurance Bill 2017 (Bill), which has been referred to a Joint Parliamentary Committee of both the Houses (Joint Committee) in early October 2017, has recently attracted much attention.

The Insolvency and Bankruptcy Board of India (IBBI), in exercise of powers conferred under Section 196 read with Section 240 of the Insolvency and Bankruptcy Code, 2016...

In exercise of the powers conferred by Clause (t) of sub-Section (1) of Section 196 read with Section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) (IBC)...

On 15 February 2024, the Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India...

Recently, the NCLAT in an appeal filed by Naman Infradevelopers Pvt Ltd ("Appellant") against Metcalfe Properties Pvt Ltd ("Corporate Debtor") under Section 61 of the Insolvency & Bankruptcy Code, 2016...

On 12 February 2024, the Insolvency and Bankruptcy Board of India (IBBI) introduced the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations...

This article analyses the decision of the Hon'ble National Company Law Appellate Tribunal, Principal Bench, New Delhi, in Ujwal Gupta v. Union Bank of India & Anr.

The Insolvency and Bankruptcy Board of India (IBBI) has introduced the much needed proposal to enhance transparency and efficiency in implementing resolution plans...

This notification by the Insolvency and Bankruptcy Board of India (IBBI), dated 26th May 2025, amends the Insolvency Resolution Process for Corporate Persons Regulations...

The Supreme Court of India ("Supreme Court") in the case of Electrosteel Steel Limited vs. Ispat Carrier Private Limited1, held that upon approval of an insolvency resolution plan...