Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

February 17, 2026

IBBI cancels registration of an IP; debars him from seeking any fresh registration for failing to act in best interest of corporate debtor

Case Details: Vimal Kumar Grover, … Continue reading “IBBI cancels registration of an IP; debars him from seeking any fresh registration for failing to act in best interest of corporate debtor”

Blog, News, Insolvency and Bankruptcy Code

February 16, 2026

HC stays NCLT’s order that allowed CIRP plea filed after Mar 24 for default value less than Rs. 1 Cr.

Case Details: Tharakan Web Innovations … Continue reading “HC stays NCLT’s order that allowed CIRP plea filed after Mar 24 for default value less than Rs. 1 Cr.”

Blog, News, Insolvency and Bankruptcy Code

February 13, 2026

Bank sanctioning home loans couldn’t be considered as financial creditor as liability to repay loan is on Home Buyers

Case Details: Axis Bank Ltd. … Continue reading “Bank sanctioning home loans couldn’t be considered as financial creditor as liability to repay loan is on Home Buyers”

News, Blog, Insolvency and Bankruptcy Code

February 25, 2026

IBBI amends norms for the resolution process for the corporate person; now RP to place proposal in a meeting if represented by 33% voting

Notification No: F. No. IBBI/2021-22/GN/REG/080, … Continue reading “IBBI amends norms for the resolution process for the corporate person; now RP to place proposal in a meeting if represented by 33% voting”

Blog, News, Insolvency and Bankruptcy Code

February 24, 2026

Acknowledgement of debt in the balance sheet triggers a fresh period of limitation on each acknowledgement: NCLAT

Case Details: Arrow Engineering Ltd. … Continue reading “Acknowledgement of debt in the balance sheet triggers a fresh period of limitation on each acknowledgement: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

February 23, 2026

Resolution plan duly approved by CoC with 74.61% voting and in compliance with all provisions was to be approved: NCLT

Case Details: Ashok Kumar Gulla … Continue reading “Resolution plan duly approved by CoC with 74.61% voting and in compliance with all provisions was to be approved: NCLT”

Blog, News, Insolvency and Bankruptcy Code

February 24, 2026

AA rightly rejected intervention plea as operational creditor failed to comply with directions for filing claim before IRP

Case Details: RNY Healthcare Services … Continue reading “AA rightly rejected intervention plea as operational creditor failed to comply with directions for filing claim before IRP”

News, Blog, Insolvency and Bankruptcy Code

February 12, 2026

NCLT and NCLAT don’t have the power to review or recall an order/judgment passed by it: NCLAT

Case Details: Agarwal Coal Corporation … Continue reading “NCLT and NCLAT don’t have the power to review or recall an order/judgment passed by it: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

February 24, 2026

AO rightfully rejected the claim that CIRP proceeding could be a ground to file a belated claim: NCLAT

Case Details: Assistant Commissioner of … Continue reading “AO rightfully rejected the claim that CIRP proceeding could be a ground to file a belated claim: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

February 17, 2026

Protection u/s 11(2) of EPF Act doesn’t apply to investments by Trustees of a PF in NCDs issued by Corporate Debtor

Case Details: SESA Group Employees … Continue reading “Protection u/s 11(2) of EPF Act doesn’t apply to investments by Trustees of a PF in NCDs issued by Corporate Debtor”