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The RBI in exercise of its powers under the Banking Regulation Act, 1949 and the Reserve Bank of India Act, 1934 on 12th February, 2018 brought in a revised framework for resolution of stressed assets to overhaul the existing framework, ...

Many issues have arisen due to the divergent views taken by different High Courts regarding the interpretation of the transitional provisions.

The Supreme Court (mostly speaking through Justice (retd.) Nariman) in a series of rulings starting from Innoventive Industries set the jurisprudence for the NCLTs to decide applications filed by financial creditors (FCs) under the Insolvency and Bankruptcy Code, 2016 ("IBC").

The Delhi High Court in the case of Power Grid Corporation of India Ltd. vs Jyoti Structures Ltd., vide its order dated December 11, 2017, ruled that Section 14(1)(a) of the Insolvency...

Ordinance amends the Banking Regulation Act, 1949 empowers RBI to direct banks to resolve specific stressed assets and initiate Insolvency Resolution Process...

In January 2025, the Supreme Court of India passed a landmark judgment in Independent Sugar Corporation Ltd. v. Girish Sriram Juneja, resolving a long-pending doubt in India's insolvency law.

The Supreme Court ("Court") in its recent judgment has clarified the distinction between speculative investors and genuine homebuyers in the context of insolvency...

The article delves into Supreme Court of India ruling in China Development Bank v. Doha Bank, that clarifies the status of indirect lenders as financial creditors under the Insolvency and Bankruptcy Code, 2016 (IBC).

The Insolvency and Bankruptcy Code, 2016 ("Code").

A significant judgement was passed by Hon'ble Supreme Court on 19th April 2022 in matter of Sunil Kumar Jain and others versus Sundaresh Bhatt and others wherein Supreme Court...

An individual often faces a situation where he is unable to return what he had borrowed. In financial terms, this state of inability to repay is referred as insolvency.

The National Company Law Appellate Tribunal (New Delhi Bench) ("NCLAT") in two recent judgments passed in Raiyan Hotels and Resorts Pvt. Ltd. vs. Unrivalled Projects Pvt. Ltd.

The Government has been consistently working towards refining and improving the new legal regime being set forth under the IBC.

Leaving a major imprint upon the nascent insolvency law regime, the Essar Steel insolvency debate has touched upon almost every aspect of the Code

This monthly legal roundup is a compilation of our thought leadership articles published in the month of January 2024 on key legal and regulatory topics.

The phrase "existence of dispute" assumes significance as it is largely the only legal defence that a corporate debtor can take to avoid insolvency/liquidation proceedings initiated by an operational creditor.

The maxim "Vigilantibus non dormientibus iura subveniunt", means law aids the vigilant and not the indolent. In other words, the law comes to the assistance of those who are vigilant with their rights, and not those who sleep on their rights.