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In simple terms, money laundering is the conversion of proceeds of crime into assets which appear to have a legitimate origin. The processes include concealment, removal, disguising, transfer, possession, etc.

In the case of IL&FS Infrastructure Debt Fund v. McLeod Russel India Limited, the Kolkata bench of the National Company Law Tribunal held that in order to determine whether a shortfall undertaking will qualify as an instrument of guarantee ...

The division bench of the Supreme Court of India comprising of Hon'ble Justice Mr R.F. Nariman and Hon'ble Justice Mr Vineet Saran, in its judgment dated 30 April 2019 in J.K. Jute Mill Mazdoor Morcha v Juggilal Kamlapat Jute Mills Company Ltd & Ors ...

The enactment of the Insolvency and Bankruptcy Code, 2016 ("IBC") was aimed at promoting time-bound resolution of corporate debtors ("CDs").

The Supreme Court of India has delivered a landmark ruling on whether the admission of a claim by an Interim Resolution Professional during Corporate Insolvency Resolution Process constitutes an acknowledgment of liability under the Limitation Act, 1963.

Whenever a person is declared as insolvent, certain transactions undertaken during the process of insolvency or even before that are avoided to overturn their effects on the finances of the corporate debtor

SC vide judgment dated April 15, 2021 in the matter of Asset Reconstruction Company (India) Ltd v. Bishal Jaiswal & Anr. decided a crucial question of law pertaining to whether entries...

In the case of Shiv Charan and Ors. v Adjudicating Authority and Anr., the Division Bench of the Hon'ble High Court of Bombay ("Bombay HC") inter alia upheld the powers of the National Company Law Tribunal.

The Supreme Court of India has delivered a landmark ruling clarifying the threshold for rejecting insolvency applications under Section 9 of the Insolvency and Bankruptcy Code, 2016. In GLS Films Industries Private Limited v. Chemical Suppliers India Private Limited, the apex court addressed whether appellate tribunals can conduct mini-trials to evaluate the merits of pre-existing disputes, or whether they must simply confirm the existence of a plausible dispute. This judgment reinforces critical safeguards

The Supreme Court recently in Macquarie Bank Limited v. Shilpi Cable Technologies had the opportunity to settle the law on two important questions arising under the Insolvency and Bankruptcy Code, 2016 (‘IBC'), which have impaired operational creditors from enforcing their rights under the IBC.

Insolvency Professionals will not be in a position to accept more than ten CIRP assignments as the Insolvency and Bankruptcy Board of India (Board)...

On 28 March 2025, the National Company Law Appellate Tribunal (NCLAT) delivered a significant judgment in the case of Sagar Stone Industries vs. Sajjan Kumar Dokania & Ors.

As per provisions of the Insolvency and Bankruptcy Code, 2016 (IBC or Code), in case of any defaults in paying a debt, financial and other creditors of Corporate Debtor or the Corporate Debtor itself ...

The Insolvency and Bankruptcy Code, 2016 in its Section 12 provides that the corporate insolvency resolution process shall be completed within a period of 180 days from the date of admission of the application to initiate such process.

On August 9, 2017, the Allahabad Bench of National Company Law Tribunal ("NCLT") admitted the insolvency application of IDBI Bank against Jaypee Infratech Ltd.

Since its inception in December 2016, the Insolvency and Bankruptcy Code (IBC) of 2016 has played a pivotal role in transforming India's insolvency landscape by establishing a time-bound, creditor-driven process for resolving insolvency cases...

The Supreme Court with a view to address the ambiguity lingering within Section 14 of the Insolvency & Bankruptcy Code, 2016, which deals with the imposition of Moratorium on the Corporate Debtor, ...

According to Merriam Webster dictionary, an Insolvent is a person who is a) unable to pay his debts as they fall due in the usual course of business and b) having liabilities in excess of...