Insolvency and Bankruptcy Code

News, Blog, Insolvency and Bankruptcy Code

February 17, 2026

CIRP plea filed u/s 7 wasn’t time-barred as limitation period to be calculated from date of balance confirmation

Case Details: Kishore Bachuram Kapdi … Continue reading “CIRP plea filed u/s 7 wasn’t time-barred as limitation period to be calculated from date of balance confirmation”

Blog, News, Insolvency and Bankruptcy Code

February 24, 2026

IBBI directs IP to pay 10% of fee as penalty and undergo pre-registration course from IPA for contravening section 208

Case Details: Ms. Kumudini Paranjape, … Continue reading “IBBI directs IP to pay 10% of fee as penalty and undergo pre-registration course from IPA for contravening section 208”

Blog, News, Insolvency and Bankruptcy Code

October 4, 2021

NCLT’s decision to liquidate corporate debtor was upheld as the CIRP period was completed and there was no resolution plan

Case Details: Dinesh Gupta v. … Continue reading “NCLT’s decision to liquidate corporate debtor was upheld as the CIRP period was completed and there was no resolution plan”

Blog, News, Insolvency and Bankruptcy Code

February 18, 2026

Withdrawal of CIRP plea not allowed where purported plan was not a settlement simpliciter as envisaged u/s 12A

Case Details: Siva Industries and … Continue reading “Withdrawal of CIRP plea not allowed where purported plan was not a settlement simpliciter as envisaged u/s 12A”

Blog, News, Insolvency and Bankruptcy Code

February 17, 2026

NCLAT allows exclusion of time spent in passing of order for disbursing amount to financial creditors

Case Details: Rajesh Goyal v. … Continue reading “NCLAT allows exclusion of time spent in passing of order for disbursing amount to financial creditors”

Blog, News, Insolvency and Bankruptcy Code

May 31, 2022

Proceedings against ex-directors u/s 70 couldn’t be sustained as RP could’ve obtained a/c details from creditor bank

Case Details: Venugopal Dhoot v. … Continue reading “Proceedings against ex-directors u/s 70 couldn’t be sustained as RP could’ve obtained a/c details from creditor bank”

Blog, News, Insolvency and Bankruptcy Code

February 18, 2026

Act of financial creditor-Bank to adjust corporate debtor’s credit balance in cash towards debit balance couldn’t be justified

Case Details: Bank of India … Continue reading “Act of financial creditor-Bank to adjust corporate debtor’s credit balance in cash towards debit balance couldn’t be justified”

News, Blog, Insolvency and Bankruptcy Code

February 17, 2026

‘New’ MSME criteria to apply even under Liquidation: Scheme 230 Revival for dead Corporare Debtor

[2021] 130 taxmann.com 416 (Article) … Continue reading “‘New’ MSME criteria to apply even under Liquidation: Scheme 230 Revival for dead Corporare Debtor”

Blog, News, Insolvency and Bankruptcy Code

February 16, 2026

Once resolution plan of a resolution applicant is approved it cannot file an avoidance application u/s 43: NCLT

Case Details: Tuf Metallurgical (P.) … Continue reading “Once resolution plan of a resolution applicant is approved it cannot file an avoidance application u/s 43: NCLT”

Blog, Insolvency and Bankruptcy Code

June 6, 2022

Pre-packaged Insolvency Resolution Process (PPIRP)

Table of Contents: 1. Background … Continue reading “Pre-packaged Insolvency Resolution Process (PPIRP)”