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Closing the loop on corporate liquidation, the Central Government has, on 30 March 2017, notified, inter alia, Section 59 of the Insolvency and Bankruptcy Code, 2016...

A midnight email screaming "collusion", a father pacing inside the liquidator's office, and a rival bid that popped up 27 seconds before the virtual hammer fell—those dramatic...

The Banking Regulation (Amendment) Bill, 2020[i] was passed by Lok Sabha on September 16, 2020 and by Rajya Sabha on September 22, 2020.

Under section 433(e) of the Companies Act, 1956 and under Section 271(1)(a) of the unamended Companies Act, 2013 a company could be wound up if it was "unable to pay its debts".

India has improved its ranking on the World Bank's "Ease of Doing Business" 2020 report. As per the report, India has moved up 14 positions to 63rd position as compared to 77th position in 2018

The Insolvency and Bankruptcy Code, 2016 (Code) was enacted for a time bound insolvency resolution process with the primary aim of rehabilitating financially distressed entities...

The Insolvency and Bankruptcy Code, 2016 ("IBC") is a hallmark in the landscape of Indian insolvency laws, amalgamating principles from well-developed bankruptcy regimes globally.

In a recent case, the National Company Law Appellate Tribunal ("NCLAT"), vide its ruling dated May 22, 2020 upheld the order passed by respective National Company...

This occurred when CIRP had already been initiated against the Plaintiff.

An Ordinance was passed on 5th June 2020, by the President of India in furtherance to the announcement earlier made by Hon'ble Finance Ministry w.r.t suspension of Fresh cases to be filed under Section 7, 9 and 10 ...

The Insolvency and Bankruptcy Board of India vide its notification No. IBBI/2019-20/GN/REG040 introduced the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2019 ...

There is an overlap of duties when it comes to adjudication of the claims of creditors.

The Insolvency and Bankruptcy Code, 2016 has been lauded for being a transformative legislation in India aimed at resolving corporate insolvency in a time-bound manner while maximizing the value of assets without compromising the interests of other relevant partiesA pivotal ingredient of IBC.

Recently the Bombay High Court, in Tayal Cotton (P.) Ltd. Vs. State of Maharashtra discussed whether moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 includes criminal proceeding within its ambit.

The Supreme Court's recent judgment in Nirmal Ujjwal Credit Co-Operative Society Ltd. v. Ravi Sethia examines whether Multi-State Co-operative Societies...

The Insolvency and Bankruptcy Code, 2016 (IBC) was passed by the Parliament on 11th May 2016, received Presidential assent on 28th May 2016 and was notified in the official gazette on the same day

It is critical to identify the nature of distress.

In the aforesaid case before the Appellate Tribunal, the appeal had arisen out of an order of the Tribunal (Mumbai bench) rejecting the insolvency application filed by an operational creditor.