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bankruptcy code

Latest Articles


Voluntary Winding-Up of a Private Limited Company: 4 Ways

Company Law : Explore four legal methods to voluntarily wind up a private company in India, including summary winding up, strike-off, and liquid...

April 25, 2025 981 Views 1 comment Print

Personal Guarantor under Insolvency and Bankruptcy Code, 2016

Corporate Law : Liability pertaining to personal guarantors under IBC, 2016 has evolved significantly with legal framework extending its reach to ...

April 24, 2025 582 Views 0 comment Print

IBBI’s 2025 Reforms: Illuminating Insolvency or Entwining Stakeholders?

Corporate Law : There’s a lack of real space to unpack the inappropriateness of certain aspects of IBBI’s 2025 reforms is difficult: the refor...

April 14, 2025 159 Views 0 comment Print

Relinquish or realize security interest by secured creditor under liquidation

Corporate Law : Learn how secured creditors can relinquish or realize their security interest during liquidation under IBC, including timelines an...

April 5, 2025 297 Views 0 comment Print

Initiation Of Corporate Insolvency Resolution Process Under IBC, 2016

Corporate Law : The initiation of Corporate Insolvency Resolution Process (CIRP) under Sections 7-10 of the IBC involves different creditors and p...

March 21, 2025 1359 Views 0 comment Print


Latest News


Under RTI CPIO Not Bound to Provide Opinions on criminal activities: IBBI

Corporate Law : IBBI's First Appellate Authority dismisses Ravinder Aggarwal's RTI appeal seeking details on MSA Developers' resolution plan imple...

April 9, 2025 126 Views 0 comment Print

Govt Strengthened IBC with Six Amendments and 122 Regulatory reforms

Corporate Law : India's IBC shows significant recovery rates. 8,000+ CIRPs initiated, with 3,485 debtors rescued. Learn about amendments & reforms...

April 3, 2025 168 Views 0 comment Print

Amendments In Insolvency And Bankruptcy Code, 2016

Corporate Law : Overview of IBC 2016's impact, amendments, and government's stance on further changes, including flat registration in insolvency c...

March 16, 2025 390 Views 0 comment Print

Govt Removes FIR Requirement for claims of share valued up to ₹5 lakh

Corporate Law : Clarification on share certificate claims under Rs. 5 lakh, legal heir acceptance, and applicant authenticity measures by the Inve...

March 16, 2025 282 Views 1 comment Print

IBC does not have provisions for declaring companies as “corrupt”

Corporate Law : Government clarifies the status of Barshi Textile Mills under IBC 2016, addressing worker payments, company status, and cooperativ...

March 16, 2025 270 Views 0 comment Print


Latest Judiciary


NCLT Mumbai Rejects Private Asset Sale, Orders Swiss Challenge for Better Value

Corporate Law : NCLT Mumbai rejects Parekh Aluminex liquidator's request for private sale of asset significantly below reserve price. Orders Swiss...

May 2, 2025 72 Views 0 comment Print

Section 26E of SARFAESI Act and Section 34 of RDB Act will prevail over section 24 of TNGST Act

Goods and Services Tax : Madras High Court held that provisions of Section 26E of the SARFAESI Act and Section 34 of the Recovery of Debts and Bankruptcy A...

April 30, 2025 93 Views 0 comment Print

Moratorium under IBC would override provisions of FEMA: Calcutta HC

Corporate Law : Anup Kumar Singh Vs Union of India & others (Calcutta High Court) Calcutta High Court held that issuance of provisional seizur...

April 29, 2025 96 Views 0 comment Print

Unsuccessful resolution applicant cannot challenge approved plan: NCLAT Chennai

Corporate Law : NCLAT Chennai rejects M.K. Rajagopalan's appeal against the approval of S. Rajendran's resolution plan for Vasan Health Care, citi...

April 29, 2025 141 Views 0 comment Print

NCLT Rejects CIRP Due to Improper Notice & Section 10A Default Amount Issues

Corporate Law : NCLT rejects CIRP Initiation as Notice sent to incorrect address, default amounts falling within the Section 10-A period, the inco...

April 28, 2025 423 Views 0 comment Print


Latest Notifications


IBBI Appellate Authority Upholds Valuer Suspension Over Report Deficiencies

Corporate Law : IBBI Appellate Authority upholds 6-month suspension of Registered Valuer Nitin Ashok Garg, citing deficiencies in his liquidation ...

May 2, 2025 24 Views 0 comment Print

IBBI Suspends IP for Fee Violation

Corporate Law : BBI suspends IP Vikas Prakash Gupta for one year for receiving fees designated for a separate support agency, violating transparen...

April 25, 2025 78 Views 0 comment Print

IBBI DC warns IP for modifying a lease without prior CoC approval

Corporate Law : IBBI DC warns IP Kushvinder Singhal for modifying a lease without prior CoC approval in Startlit Powers CIRP, citing procedural la...

April 25, 2025 63 Views 0 comment Print

Disposal of Application After 30 Days violates Section 7 of RTI Act IBBI

Corporate Law : Information Commission disposes of an appeal regarding delayed RTI response from CPIO, emphasizing adherence to statutory timeline...

April 22, 2025 87 Views 0 comment Print

IBBI suspends IP for Asset protection failures & improper sale

Corporate Law : IBBI disciplinary order suspends IP Jitendrakumar Yadav for 1 year for IBC violations in Dilip Chhabria & Maha Urja cases, citing ...

April 22, 2025 147 Views 0 comment Print


Latest Posts in bankruptcy code

IBBI Appellate Authority Upholds Valuer Suspension Over Report Deficiencies

May 2, 2025 24 Views 0 comment Print

IBBI Appellate Authority upholds 6-month suspension of Registered Valuer Nitin Ashok Garg, citing deficiencies in his liquidation valuation report concerning sources of information & standards used.

NCLT Mumbai Rejects Private Asset Sale, Orders Swiss Challenge for Better Value

May 2, 2025 72 Views 0 comment Print

NCLT Mumbai rejects Parekh Aluminex liquidator’s request for private sale of asset significantly below reserve price. Orders Swiss Challenge auction to maximise value. Cites IBC regulations & NCLAT.

Section 26E of SARFAESI Act and Section 34 of RDB Act will prevail over section 24 of TNGST Act

April 30, 2025 93 Views 0 comment Print

Madras High Court held that provisions of Section 26E of the SARFAESI Act and Section 34 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) would prevail over the provisions of Section 24 of the Tamil Nadu General Sales Tax Act, 1959 (TNGST Act).

Moratorium under IBC would override provisions of FEMA: Calcutta HC

April 29, 2025 96 Views 0 comment Print

Anup Kumar Singh Vs Union of India & others (Calcutta High Court) Calcutta High Court held that issuance of provisional seizure order under Foreign Exchange Management Act, 1999 [FEMA] is in complete disregard of the moratorium prescribed by section 33(5) of Insolvency and Bankruptcy Code [IBC] since the provisions of the IBC would override the […]

Unsuccessful resolution applicant cannot challenge approved plan: NCLAT Chennai

April 29, 2025 141 Views 0 comment Print

NCLAT Chennai rejects M.K. Rajagopalan’s appeal against the approval of S. Rajendran’s resolution plan for Vasan Health Care, citing lack of locus standi as an unsuccessful applicant.

NCLT Rejects CIRP Due to Improper Notice & Section 10A Default Amount Issues

April 28, 2025 423 Views 0 comment Print

NCLT rejects CIRP Initiation as Notice sent to incorrect address, default amounts falling within the Section 10-A period, the incorrect calculation and omission of interest in the demand notice

Personal Guarantor’s IBC Insolvency Petition Rejected as Default Below ₹1 Crore Limit: NCLT

April 28, 2025 306 Views 0 comment Print

NCLT Chennai rules that the ₹1 crore threshold for initiating insolvency proceedings against a corporate debtor also applies to their personal guarantors under IBC.

Application u/s. 9 of IBC dismissed due to pre-existing dispute: NCLAT Delhi

April 26, 2025 474 Views 0 comment Print

NCLAT Delhi held that application under section 9 of the Insolvency and Bankruptcy Code [IBC] is not maintainable due to pre-existing dispute between the parties. Accordingly, the appeal is dismissed.

IBBI Suspends IP for Fee Violation

April 25, 2025 78 Views 0 comment Print

BBI suspends IP Vikas Prakash Gupta for one year for receiving fees designated for a separate support agency, violating transparency rules and Code of Conduct. Order takes effect in 30 days.

IBBI DC warns IP for modifying a lease without prior CoC approval

April 25, 2025 63 Views 0 comment Print

IBBI DC warns IP Kushvinder Singhal for modifying a lease without prior CoC approval in Startlit Powers CIRP, citing procedural lapse despite benefit to CD.

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