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On 13 August 2025, the Insolvency and Bankruptcy Board of India (IBBI) issued the Continuing Professional Education (CPE) Guidelines (Amendment) 2025, marking a significant update to the professional development framework for Insolvency Professionals (IPs).

The Insolvency and Bankruptcy Board of India (IBBI) issued Circular No. IBBI/RV/93/2026 on April 1, 2026, notifying the International Valuation Standards (IVS), as issued and updated by the International Valuation Standards Council (IVSC)...

The IBBI, through notification dated 01.06.2026 has released the IBBI (Liquidation Process) (Fourth Amendment) Regulations, 2026 (“Liquidation Amendment Regulations”) to amend the IBBI (Liquidation Process) Regulations, 2016 (“Liquidation Principal Regulations”), in order to give effect to the changes brought about by the Amendment Act.

India has long recognised the right of foreign creditors to participate in the winding up of Indian companies.

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...

The Bombay High Court recently addressed a critical question regarding the temporal application of Section 96(4) of the Insolvency and Bankruptcy Code, which removed the interim moratorium protection for personal guarantors of corporate debtors. The ruling clarifies whether this amendment applies only to fresh applications filed after its enactment or extends to insolvency proceedings that were already pending when the law changed. This decision has significant implications for creditors seeking to pursue p

In a recent decision passed in Company Appeal (AT) (Insolvency) No. 1417 of 2019, Union of India versus Oriental Bank of Commerce, the National Company Law Appellate Tribunal...

When the Corporate Debtor defaults in making payments to its creditors the process of Corporate Insolvency Resolution Process (CIRP) can be initiated against it by its creditors.

With the above observations, the Bench admitted the insolvency application.

Massive expansion and investments, primarily funded through bank loans (despite a weak promoters' equity base), has given rise to companies which have overleveraged their balance sheets.

The Supreme Court recently in Phoenix Arc Private Limited v. Spade Financial Services Ltd. and others dealt with two sets of appeals being Civil Appeal No. 2842 of 2020 and Civil Appeal No. 3063 of 2020

The partly liberalized Indian economy has been aptly referred to in the Economic Survey of India 2015-16 as one that had transitioned from ‘socialism with limited entry to "marketism" without exit.

The initiation of Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (Code) against Government-owned companies has been a contentious issue.

The Hon'ble NCLAT in a significant ruling, addressed the issue that has taken place recently which revolves around the matter of Corob India Pvt. Ltd. v. Mr. Birendra Kumar Agrawal...

The Supreme Court of India, while dealing with the issue of the jurisdiction of the Special Court under Section 236 of the Civil Procedure Code and Section 435...

The Insolvency and Bankruptcy Code, 2016 ("Code") one of the more significant legal reforms in India in recent times, was enacted with the objective of reorganising...

The Inception of Insolvency and Bankruptcy code [IB Code] was envisaged as a historical moment in the Indian corporate sector as it is a single uniform comprehensive legislation that aims...

However, the operational creditor must first send a demand notice or invoice to the corporate debtor, demanding the payment of the defaulted debt.