2,111 results found

The Supreme Court has held that the ‘doctrine of election', stemming out of the law of evidence that bars prosecution of the same right in two different fora based on the same cause of action..

The Hon'ble Supreme Court looked into two major issues under the IBC regime: (i) whether the NCLT and the NCLAT had the power to exclude any period from the statutory period in exercise of their inherent powers, ...

The Insolvency and Bankruptcy Code (IBC), 2016, continues to evolve as one of India's most critical financial reforms.

Recently, NCLAT faced a situation in State Bank of India v. Mr. V. Ramakrishnan and Ors. [Company Appeal (AT) Insolvency no. 213 of 2017], where the State Bank of India had appealed...

The National Company Law Tribunal ("NCLT"), granted a 60-day extension on February 13, 2024 for the resolution process of the grounded airline Go First.

The Adjudicating Authority ("AA") cannot simply dismiss a petition under section 7 of the Insolvency & Bankruptcy Code, 2016 ("IBC"),on the basis that the corporate debtor...

The Supreme Court has refused to interfere with the order passed by the National Company Law Appellate Tribunal (NCLAT) in SBI v. Mahendra Kumar Jajodia and has upheld...

In a recent judgment, the National Company Law Appellate Tribunal (NCLAT) in Chennai addressed a significant issue concerning the initiation of insolvency resolution proceedings...

In World Bank's ranking on resolving insolvency, India stood 136th in 2016.

The Supreme Court in Hari Babu Thota (read here) has ruled that a Corporate Debtor's promoter can submit a resolution plan under the Insolvency and Bankruptcy Code, 2016...

The Supreme Court of India, by its judgment dated 22.01.2026, in the matter of Gloster Limited v. Gloster Cables Limited & Ors.

A right of first refusal ("ROFR") is a contractual entitlement of a party to enter into a business transaction with the counterparty (to a contract) which such counterparty is desirous of executing...

Fast Track Exit (FTE) or the ‘Strike-off route' has been one of the easiest exit modes for companies, that have not conducted any business operations for past 2 (two) years and who satisfy certain other eligible criteria.

The division bench of the Supreme Court of India comprising of Hon'ble Justice Dr D.Y. Chandrachud and Hon'ble Justice Mr Hemant Gupta, in its judgment dated 13 March 2019 in Ripudaman Singh v Balkrishna, ...

The Insolvency and Bankruptcy Code stands to be one of the most direly needed legislation in the wake of the increasing corporate culture

On 6th March, 2018, the NCLAT, in the matter SBI VS SKC Retails Ltd. through IRP & anr., held that the Applicant is liable to incur the expenses of resolution professional as per sub-regulation...

The Guarantor furthermore relied on the cheque issued by the Corporate Debtor to Guarantor for the aforesaid amount, which was returned dishonoured.

The High Court of Delhi through its judgment dated 12.02.2026 in Avantha Holdings Limited v. ICICI Bank Limited & Ors. while applying the principle of parity held that where substantial delay on one side is overlooked, …