Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

March 17, 2025

CIRP u/s 7 Can Be Initiated if Default Occurs on a Valid Written Contract to Repay Time-Barred Debt | NCLAT

Case Details: Ravi Raman vs. … Continue reading “CIRP u/s 7 Can Be Initiated if Default Occurs on a Valid Written Contract to Repay Time-Barred Debt | NCLAT”

News, Blog, Insolvency and Bankruptcy Code

March 10, 2025

Dues for Workers’ Welfare Can’t Be Part of Liquidation Estate; Must Be Fully Used for Workers’ Payment | HC

Case Details: Stesalit Ltd. v. … Continue reading “Dues for Workers’ Welfare Can’t Be Part of Liquidation Estate; Must Be Fully Used for Workers’ Payment | HC”

Blog, News, Insolvency and Bankruptcy Code

February 27, 2025

Sec 101(1) of IBC Limits Moratorium Period to 180 Days; NCLT/NCLAT Cannot Extend It Further for PIRP

Case Details: Anil Kumar v. … Continue reading “Sec 101(1) of IBC Limits Moratorium Period to 180 Days; NCLT/NCLAT Cannot Extend It Further for PIRP”

Blog, News, Insolvency and Bankruptcy Code

February 26, 2025

Initiation of Recovery Proceedings Before DRT Doesn’t Preclude Financial Creditor From Filing Application u/s 7 of IBC | NCLAT

Case Details: Pawan Kumar v. … Continue reading “Initiation of Recovery Proceedings Before DRT Doesn’t Preclude Financial Creditor From Filing Application u/s 7 of IBC | NCLAT”

Blog, News, Insolvency and Bankruptcy Code

February 15, 2025

IBBI Mandates Insolvency Professionals to Update Assignments on the Portal for Various Roles Under IBC Processes

Circular No. IBBI/LIQ/82/2025, Dated: 11.02.2025 … Continue reading “IBBI Mandates Insolvency Professionals to Update Assignments on the Portal for Various Roles Under IBC Processes”

Blog, News, Insolvency and Bankruptcy Code

February 15, 2025

Insolvency Plea u/s 95 Against Guarantor Admitted as Company Failed to Repay Debt and No Evidence of Payment Was Provided | NCLT

Case Details: State Bank of … Continue reading “Insolvency Plea u/s 95 Against Guarantor Admitted as Company Failed to Repay Debt and No Evidence of Payment Was Provided | NCLT”

Blog, News, Insolvency and Bankruptcy Code

February 11, 2025

IBBI Amends Insolvency Resolution Process for Corporate Persons Regulations; Insert Norms w.r.t. ‘Appointment of Facilitators’

Notification No. F. No. IBBI/2024-25/GN/REG122; … Continue reading “IBBI Amends Insolvency Resolution Process for Corporate Persons Regulations; Insert Norms w.r.t. ‘Appointment of Facilitators’”

Blog, News, Insolvency and Bankruptcy Code

February 11, 2025

IBBI Releases Discussion Paper on Streamlining Various Processes Under IBC for Enhanced Efficiency and Transparency

Discussion Paper; Dated: 04.02.2025 IBBI … Continue reading “IBBI Releases Discussion Paper on Streamlining Various Processes Under IBC for Enhanced Efficiency and Transparency”

News, Blog, Insolvency and Bankruptcy Code

February 9, 2025

A Resolution Plan Involving a Combination Needs CCI Approval Before CoC Consideration, as Required u/s 31(4) of IBC | SC

Case Details: Independent Sugar Corporation … Continue reading “A Resolution Plan Involving a Combination Needs CCI Approval Before CoC Consideration, as Required u/s 31(4) of IBC | SC”

Blog, News, Insolvency and Bankruptcy Code

February 7, 2025

Appeal Against Acceptance of CIRP Plea u/s 7 Dismissed as CD or Guarantor Failed to Show Any Error in NCLT’s Admission

Case Details: Seeta Shah vs. … Continue reading “Appeal Against Acceptance of CIRP Plea u/s 7 Dismissed as CD or Guarantor Failed to Show Any Error in NCLT’s Admission”