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  • Article

    SC Directs Sending Back A Resolution Plan To The CoC For Resubmission After Satisfying Parameters Set Out Under IBC

    The Supreme Court on February 12, 2024 in ‘Greater Noida Industrial Development Authority v. Prabhjit Singh Soni' reported in 2024 SCC Online SC 122 sent back a resolution plan to the committee of creditors ("COC") for resubmission.
    IndiaInsolvency/Bankruptcy/Re-Structuring
    Argus Partners
    Argus Partners
  • Article

    Application For Extending The Arbitrator's Mandate Must Be Made During The Subsistence Of The Mandate

    On September 4, 2023, the Calcutta High Court, in the case of Rohan Builders (India) (P) Ltd. v. Berger Paints India Limited has held that Section 29-A (4) of the Arbitration and Conciliation Act, 1996...
    IndiaLitigation, Mediation & Arbitration
    Argus Partners
    Argus Partners
  • Article

    IBBI: Discussion Paper On Real-Estate Related Proposals - CIRP & Liquidation

    On November 1, 2023, the Insolvency and Bankruptcy Board of India has published a discussion paper on amendments proposed to the IBBI Regulations, 2016.
    IndiaReal Estate and Construction
    Argus Partners
    Argus Partners
  • Article

    NSDL: Circular On Off-Market Transfer Of Private Limited Company Shares

    National Securities Depository Limited ("NSDL") vide circular no. NSDL/POLICY/2025/0071 dated June 03, 2025 ("Circular"), has introduced a significant change in the share transfer process for private limited companies.
    IndiaCorporate/Commercial Law
    Argus Partners
    Argus Partners
  • Article

    International Developments In Data Privacy Laws – A Roundup

    On April 17, 2023, the Government of Vietnam issued a long-awaited regulation on data privacy, through Government Decree No. 13/2023/ND-CP ("Decree 13").
    IndiaPrivacy
    Argus Partners
    Argus Partners
  • Article

    Non-Payment Of A Part Of The Debt When It Becomes Due And Payable Will Amount To Default On The Part Of The Corporate Debtor And Will Attract An Order U/S 7 Of IBC

    The Supreme Court of India on May 11, 2023, in the case of, M. Suresh Kumar Reddy v. Canara Bank, [Civil Appeal No. 7121 of 2022], held that the non-payment of a part of the debt when it becomes due and payable...
    IndiaCorporate/Commercial Law
    Argus Partners
    Argus Partners
  • Article

    SEBI's Revision To The Reporting Framework For Alternative Investment Funds

    The Securities and Exchange Board of India ("SEBI") under Regulation 28 of the SEBI (Alternative Investment Funds) Regulations, 2012 ("AIF Regulations") read with Clause 15.1.1 of the SEBI Master Circular...
    IndiaCorporate/Commercial Law
    Argus Partners
    Argus Partners
  • Article

    Securities And Exchange Board Of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2025

    The Securities and Exchange Board of India ("SEBI") has recently amended the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 ("InvIT Regulations")...
    IndiaCorporate/Commercial Law
    Argus Partners
    Argus Partners
  • Article

    Budget 2025: Key Highlights For Power And Infrastructure Sector

    The Union Government's annual budget for 2025-2026 ("Budget") recognizes ‘securing energy supplies' among the 10 broad focus areas.
    IndiaEnergy and Natural Resources
    Argus Partners
    Argus Partners
  • Article

    Ministry Of Petroleum & Natural Gas Releases The 'Green Shift Report'

    The Energy Transition Advisory Committee ("Committee") of the Ministry of Petroleum & Natural Gas has recently released a report titled "the green shift" ("Report").
    IndiaEnergy and Natural Resources
    Argus Partners
    Argus Partners
  • Article

    NCLAT: Sale Consideration Not A Financial Debt Under IBC

    On September 9, 2024, the National Company Law Appellate Tribunal, Principal Bench, New Delhi ("NCLAT") in the case of, Sandeep Mittal v. M/s ASREC (India) Limited...
    IndiaFinance and Banking
    Argus Partners
    Argus Partners
  • Article

    Authority Of The COC To Opt For Liquidation Of The Corporate Debtor Prior To The Approval Of A Resolution Plan

    In the case of ACRE – 81 Trust Through its trustee Assets Care & Reconstruction Enterprise Limited v. Pawan Kumar Goyal [2024 SCC OnLine NCLAT 90], the National Company Law Appellate Tribunal, Principal Bench.
    IndiaInsolvency/Bankruptcy/Re-Structuring
    Argus Partners
    Argus Partners
  • Article

    It Is Mandatory On The Part Of Resolution Professional To Issue Notice Of CoC Meetings To All Operational Creditors In Terms Of Section 24(3)(C) Of The IBC

    The National Company Law Appellate Tribunal ("NCLAT") has recently, in its judgment dated April 20, 2023 in Bhushan Shringapure v. Mr. B.K. Mishra, has held that, Section 24(3)...
    IndiaInsolvency/Bankruptcy/Re-Structuring
    Argus Partners
    Argus Partners
  • Article

    NCLAT Holds That Operational Creditors Cannot Claim Priority Over Unsecured Financial Creditors In Liquidation

    On September 19, 2024, the National Company Law Appellate Tribunal in the case of Times Innovative Media Limited v. Pawan Kumar Aggarwal (Liquidator) held that operational...
    IndiaInsolvency/Bankruptcy/Re-Structuring
    Argus Partners
    Argus Partners
  • Article

    NCLAT: Technical And Procedural Deficiencies Have No Bearing On The Admission Of An Application Under Section 7 Of The Code

    The National Company Law Appellate Tribunal, Principal Bench ("NCLAT"), in its judgment dated February 6, 2026 in Vinodkumar Nihalchand Parmar v. Anuj Bajpai (IRP), Company Appeal (AT) (Insolvency) No. 1395 of 2025...
    IndiaInsolvency/Bankruptcy/Re-Structuring
    Argus Partners
    Argus Partners
  • Article

    NCLAT - Treatment Of Undisclosed Assets In CIRP : SPS Steels Rolling Mills Limited v. Central Bank Of India

    The National Company Law Appellate Tribunal, New Delhi Bench (“NCLAT”), in its judgment dated March 19, 2026, in SPS Steels Rolling Mills Limited v. Central Bank of India, Comp. App. (AT) (Ins)...
    IndiaInsolvency/Bankruptcy/Re-Structuring
    Argus Partners
    Argus Partners
  • Article

    Supreme Court: Single Section 7 Petition Maintainable To Initiate Insolvency Resolution Process Against Two Separate Legal Entities

    A bench comprising Justice Sanjay Kumar and Justice K. Vinod Chandran of the Supreme Court ("Court"), vide its judgment dated January 2, 2026 in Satinder Singh Bhasin v. Col. Gautam Mullick...
    IndiaInsolvency/Bankruptcy/Re-Structuring
    Argus Partners
    Argus Partners
  • Article

    Promoter Of A Corporate Debtor Not Disqualified From Submitting A Resolution Plan Where MSME Registration Certificate Is Obtained

    On November 29, 2023, the Supreme Court of India in the case of Hari Babu Thota v. [None] [Civil Appeal No. 4422/2023] held that a promoter of a Corporate Debtor shall not be disqualified under Section 29A of the Insolvency and Bankruptcy Code, 2016.
    IndiaLitigation, Mediation & Arbitration
    Argus Partners
    Argus Partners
  • Article

    Guidelines On Default Loss Guarantee In Digital Lending

    As an update, the Reserve Bank of India ("RBI") has notified the attached 'Guidelines on Default Loss Guarantee in Digital Lending' ("DLG Guidelines") on June 8, 2023 (with effect from the date of the notification)...
    IndiaTechnology
    Argus Partners
    Argus Partners
  • Article

    UK Digital Markets, Competition And Consumers Bill

    On April 25, 2023, the Government of United Kingdom ("UK") published the Digital Markets, Competition and Consumers Bill ("Bill").
    United KingdomConsumer Protection
    Argus Partners
    Argus Partners

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