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On February 15, 2024, the Insolvency and Bankruptcy Board of India ("IBBI") amended the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 vide the Insolvency and Bankruptcy Board of India Regulations, 2024.

It was held that once the resolution plan was approved, all claims stood frozen and a claim which did not form a part of the final resolution plan would not be legally actionable.

The following is a snapshot of the important orders passed by the National Company Law Appellate Tribunal ("NCLAT"), under the Insolvency and Bankruptcy Code, 2016 ("Code"), during the period between October 16, 2023 to October 31, 2023.

The following is a snapshot of the important orders passed by the National Company Law Appellate Tribunal ("NCLAT"), under the Insolvency and Bankruptcy Code, 2016 ("Code")...

Though these judgments were in respect of settlement but the question was of applicability of NCLT rules in insolvency proceedings.

The present legal framework in India to deal with the Insolvency and Bankruptcy situation is legislated in the provisions of the Insolvency and Bankruptcy Code, 2016 ...

The new Code replaced all the foregoing debt recovery laws and created a single procedure to resolve the corporate distress pertaining to insolvency and bankruptcy.

Under the I&B Code, an Insolvency Professional (hereinafter referred as 'IP' or 'IRP') plays a vital role during Corporate Insolvency Resolution Process (CIRP).

In a recent full bench judgement, the National Company Law Appellate Tribunal (NCLAT) overturned two of its previous judgements to clarify that claim of a licensor for payment of licence...

NCLAT has held that proceedings pending under Section 34 of the Arbitration and Conciliation Act, 1996 does not constitute a ‘dispute' under Section 8 of the Insolvency and Bankruptcy Code, 2016.

The Insolvency and Bankruptcy Board of India (IBBI) has implemented two significant policy reforms to enhance the effectiveness of the corporate insolvency framework in India.

The Hon'ble Supreme Court ("SC") vide its judgment dated March 26, 2021, upheld the findings of the National Company Law Tribunal ("NCLT") dated December 12, 2019...

The instant article is divided into two parts; part one highlights the notable features of the Pre-packaged Insolvency Resolution Process whereas part two demonstrates the step-wise process.

It therefore becomes relevant, and important, to understand the concept of a ‘pre-packaged bankruptcy' and its pros and cons.

A huge backlog of cases at National Company Law Tribunal (NCLT) benches have stretched resources and led to delays in resolution of cases.

It is safe to say that the Insolvency and Bankruptcy Code, 2016 ("IBC" or "Code") and the regime it has spawned, has effected a complete turnaround in the way insolvency and liquidation proceedings were dealt with in India.

The Reliance Communication-Ericsson legal battle, which led the Anil Ambani controlled company to the insolvency court, has been a watershed moment not just for reflecting the state of the telecom sector, ...

In the past few months, the Central Government and the Insolvency and Bankruptcy Board of India (‘IBBI') have introduced several changes to the Insolvency and Bankruptcy Code