There have been some changes in the civil dispute resolution practice area through the Specific Relief (Amendment) Act, 2018 which has made some important amendments to the Specific Relief Act, 1963.

Lien is a right of possession of property or goods by a person who is due for payment of any kind.

The account of the corporate debtor was declared as Non-Performing Asset on 31.12.2013.

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").

An interesting issue keeps arising in relation to the powers of an Interim Resolution Professional or a Resolution Professional to reject time-barred claims of different creditors whose debt is owed by the Corporate Debtor.

In the present case, it is noticeable that no doubt, Hero was provided with 32.34% of its admitted claim as it has dissented with the plan.

IBBI has recently circulated to all the Insolvency Professionals and other service providers in relation to Deposit of Unclaimed Proceeds relating to Liquidation and Voluntary Liquidation Processes.

On 6th January, 2020, the Insolvency and Bankruptcy Board of India ("IBBI"/ "Board") notified the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2020.

Recently, the Appellate Authority (NCLAT, Principal Bench, New Delhi) in the matter of Bimalesh Bhardwaj & Ors. vs. Value Infratech India Pvt. Ltd. & Ors. allowed an appeal in favour of the Appellants...

The DRT admitted the said applications and passed a decree in favor of the bank.

Recently, the NCLAT, Principal Bench, in the matter of Vivek Malik v. Punjab National Bank & Anr held that the Application filed under Section 7 of the Insolvency and Bankruptcy Code will not be time-barred if the application ...

Recently, the NCLT, New Delhi on the application filed on behalf of Monitoring Committee (formed pursuant to approval of Resolution Plan) of Anush Finlease & Construction Pvt. Ltd. (Corporate Debtor) in the matter of ...

Cross Border Insolvency denotes circumstances when a Corporate Debtor has one or more foreign assets or liabilities situated outside the country where it has been incorporated.

In the past one year, the impact of Covid-19 pandemic has been severely stressful on the Indian economy.

The default referred to herein above is in respect of a financial debt owed to any financial creditor.

The Consumer Protection Act, 1986 is repealed after three decades and replaced by the Consumer Protection Act, 2019. The Consumer Protection Act, 2019 has been enacted with a view...

The following are the key developments including some recent case-laws in the insolvency and bankruptcy law in India i.e. the Insolvency and Bankruptcy Code :

The Union Cabinet has approved the draft Model Tenancy Act in 2021 which was drafted by the Ministry of Housing and Urban Affairs in 2020.

Presently in India there is a systemic vacuum which exists with regard to bankruptcy situations in financial firms.

In the last one month, the Supreme Court has rendered three judgments that have settled the issue of applicability of statutory principles of the law of limitation on the proceedings initiated under the...