In a significant ruling, the National Company Law Appellate Tribunal (NCLAT), Chennai Bench while deciding IA Nos. 1293 and 1295 of 2024 in Company Appeal (AT) (CH) (Ins) No. 129/2024 vide order dated March 7, 2025 held that the shareholders cannot be substituted in place of the suspended director.

The Single Bench of Hon'ble National Company Law Tribunal, Mumbai bench in the matter of State Bank of India v. Ushdev International Limited (CP No.1790/IBC/NCLT/MB/MAH/2017) decided on the following issues, ...

In the recent judgment of Hon'ble Supreme Court ("SC") in Saranga Anilkumar Aggarwal Versus Bhavesh Dhirajlal Sheth & Others. , SC dealt with a legal proposition concerning whether execution proceedings under Section 27 of the Consumer Protection Act, 1986 ("CP Act").

The Full Bench of the Hon'ble Supreme Court of India comprising of Mr. Justice R.F. Nariman, Mr. Justice Aniruddha Bose, and Mr. Justice V. Ramasubramanian in M/s. Maharashtra Seamless Limited v. Padmanabhan Venkatesh & Ors. ...

On the second issue, the Supreme Court held that NCLT and NCLAT have the jurisdiction to enquire into questions of fraud in light of Sections 65 and 69 of IBC.

The Hon'ble Supreme Court of India, in its judgment dated December 10, 2024, in Sanjay Sharma v. Kotak Mahindra Bank Ltd., provided a significant interpretation of a right of redemption of the property under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.

In a recent judgment delivered on March 20, 2025, the Hon'ble Supreme Court of India (Supreme Court / Court), in the case of Vaibhav Goel & Anr. vs. Deputy Commissioner of Income Tax & Anr., held that Income Tax dues not included in an approved Resolution Plan under the Insolvency and Bankruptcy Code, 2016 (Code) stand extinguished.

The Insolvency and Bankruptcy Code, 2016 ("Code"), since its inception, has undergone significant reforms to address sector-specific issues and improve the efficiency of the resolution of insolvency.

In a significant recent judgment, the Supreme Court of India ordered the liquidation of Jet Airways (India) Limited, under the Insolvency and Bankruptcy Code, 2016 (IBC/Code).

The Division Bench of the Hon'ble Madras High Court in G. Vasudevan, vide judgment dated December 2, 2019, adjudicated and decided upon the constitutionality of proviso to Section 167(1)(a), ...

The maxim "Vigilantibus non dormientibus iura subveniunt", means law aids the vigilant and not the indolent. In other words, the law comes to the assistance of those who are vigilant with their rights, and not those who sleep on their rights.

The Insolvency and Bankruptcy Code, 2016 ("Code") has been a cornerstone of India's restructuring framework, yet its evolving nature often leaves room for judicial interpretation.

Regulation 39(1A) of CIRP Regulations permits limited modifications and competitive improvements to resolution plans. Courts affirm the Committee of Creditors' (CoC) discretion to negotiate and enhance financial proposals, emphasizing the CoC's commercial wisdom and the objective of maximizing debtor value while adhering to resolution timelines.

The Insolvency and Bankruptcy Code, 2016 (Code) of India was enacted with the primary objective of resolving insolvency in a time-bound manner...

The Insolvency and Bankruptcy Code, 2016 (Code) is often described as one of India's most significant economic legislation, ushering systemic reforms over the last decade. It is designed to resolve insolvency...

The Insolvency and Bankruptcy Code, 2016 introduced a paradigm shift in India's insolvency regime by establishing a structured framework, offering a structured path for resolving distressed assets.

The Division Bench of the Hon'ble Bombay High Court in Kamal K Singh v. Union of India and Ors. (WP(L) 3250 of 2019), vide judgment dated November 29, 2019, decided on the following issues: -

In the instant case, an application was preferred by 141 petitioners against two interlinked corporate debtors, namely Grand Venezia Commercial Towers Private Limited ("GVCTPL") and Bhasin Infotech and Infrastructure Private Limited ("BIIPL") (collectively referred to as the "Corporate Debtors").

In the case of GLAS Trust Company LLC vs. BYJU Raveendran & Ors., the Hon'ble Supreme Court (SC/Court) delivered a significant judgment clarifying key aspects of the Insolvency and Bankruptcy Code, 2016 (IBC/Code).

Applicability of provisions of Limitation Act, 1963 to the applications filed for initiation of corporate insolvency resolution process under Part II of the Insolvency & Bankruptcy Code, 2016 has been a controversial issue ...