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The National Company Law Tribunal (NCLT) recently gave its nod for the liquidation of Go First Airways.

This article summarizes the impact of the FSP Third Party Assets Notification on securitisation or direct assignment transactions where an assignor acts as servicer or collection agent for assigned receivables.

In our earlier article titled, "Homebuyers now Financial Creditors: Too many cooks spoil the resolution process?", we analysed the impact of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, ...

In Ebix Singapore Private Limited v. Committee of Creditors of Educomp Solutions Limited & Anr., the Supreme Court considered some of the aspects of the Insolvency and Bankruptcy Code ("Code/IBC").

To meet the standards of other mature global jurisdictions, India's insolvency regime has a long way to go.

On 9 November 2023, a three-judge bench of the Hon'ble Supreme Court comprising of the Hon'ble Chief Justice of India DY Chandrachud...

The IBBI recently notified certain critical amendments to the IBBI (Liquidation Process) Regulations, 2016, which clarify the role of the stakeholders' consultation committee and aim to streamline and bring about greater transparency ...

Enacted in 2016, the Insolvency and Bankruptcy Code (IBC) of India introduced a transformative legal framework for managing distressed entities.

The SC dismissed the appeals by ECL Finance Limited (“ECL”), as debenture holder and lender, and IDBI Trusteeship Services Limited (“ITSL”), as debenture trustee. It upheld the concurrent findings of the NCLT and the NCLAT that ECL was a related party of the corporate debtor under Section 5(24) of the IBC and could not form part of the committee of creditors (“CoC”).

The Hon'ble Supreme Court in its recent judgment in Indus Biotech Private Limited v. Kotak India Venture (Offshore) Fund (earlier known as Kotak India Venture Limited) & Ors. settled the debate around the arbitrability of disputes ...

A short excerpt on the recent judgment of a five-member special bench of the National Company Law Appellate Tribunal, wherein it held that the NCLAT has the power to recall its own orders on sufficient grounds...

In its recent decision of Sandeep Khaitan, Resolution Professional for National Plywood Industries Ltd. v. JVSM Plywood Industries Ltd., the Supreme Court ruled that the inherent...

Considering that allottees have the most direct interest in project completion, the Discussion Paper proposes the introduction of an explanation to Regulation 36A(4)...

The Government of India (GOI) announced a nationwide lock down on account of Covid-19 pandemic with effect from 25 March 2020.

On 9 April 2021, NCLAT passed a landmark judgment in The Directorate of Enforcement v. Sh. Manoj Kumar Agarwal and Ors. on the interplay between the provisions of the PMLA and the IBC.

The global outbreak of coronavirus (COVID-19) has resulted into various business disruptions in India, due to the lockdown and various restrictions across the country.

Q4 of FY 2020-21 witnessed a sequential month on month increase in PE/VC investment activity, from USD 1.6 billion in January 2021 to USD 4.6 billion in March 2021.

The conundrum whether a scheme of compromise and arrangement can be proposed by the erstwhile promoter at liquidation stage, who otherwise is ineligible to participate in the resolution process under the ...