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Empowering CoC: Irrevocable Decision to Liquidate Under Section 33(2) of IBC

Corporate Law : NCLAT held that the CoC may decide to liquidate a corporate debtor under Section 33(2) before inviting resolution plans, with limi...

June 30, 2026 198 Views 0 comment Print

Sovereignty of Commercial Wisdom: Balancing Creditor Autonomy & Judicial Oversight under IBC

Corporate Law : This article explains why the Insolvency and Bankruptcy Code places commercial decision-making in the hands of the Committee of Cr...

June 25, 2026 303 Views 0 comment Print

Section 66 IBC Expanded as NCLAT Recognised Third-Party Liability

Corporate Law : The article explains how the NCLAT interpreted Section 66(1) to extend liability beyond company insiders to third parties who know...

June 19, 2026 408 Views 0 comment Print

Homebuyers as Financial Creditor: Genuine Homebuyer V. Speculative Investor

Corporate Law : The Supreme Court held that individuals investing for financial returns rather than home ownership cannot invoke Section 7 of the ...

June 8, 2026 381 Views 0 comment Print

Calcutta HC Bars Shifting of Registered Office If IBC Appeal Pending

Corporate Law : The High Court held that a company cannot shift its registered office after approval of a resolution plan when appeals against the...

June 8, 2026 261 Views 0 comment Print


Latest News


IBBI proposes amendments to CIRP, Liquidation & Personal Guarantor Regulations

Corporate Law : IBBI has proposed amendments to CIRP, Liquidation, and Personal Guarantor Regulations to improve valuation, clarify RP duties, sim...

July 3, 2026 312 Views 0 comment Print

IBBI Proposes Real Estate CIRP Reforms for Stronger Protection for Homebuyers

Corporate Law : The proposed amendments require comprehensive project-wise disclosures, technical assessments, and mandatory information in resolu...

July 2, 2026 174 Views 0 comment Print

IBBI Invites Applications for Research Associates & Consultants

Corporate Law : The IBBI has announced contractual vacancies for Research Associates and Consultants in law and business management disciplines. T...

May 26, 2026 549 Views 0 comment Print

IBBI Issues 2026 Guidelines for Insolvency Professional Appointments

Corporate Law : 2026 Guidelines streamline selection of Insolvency Professionals for IRP, RP, Liquidator, and Bankruptcy Trustee roles, ensuring t...

May 19, 2026 2508 Views 1 comment Print

IBBI Proposes Amendments to IBBI (Liquidation Process) Regulations, 2016

Corporate Law : The amendments replace the consultation committee with CoC oversight, giving creditors greater control over liquidation decisions....

April 17, 2026 495 Views 0 comment Print


Latest Judiciary


Section 11 MOFA Deemed Conveyance Not Barred by Section 14 IBC Moratorium: Bombay HC

Corporate Law : Bombay HC held that Section 14 IBC moratorium does not prevent deemed conveyance under Section 11 MOFA and restored the society's ...

July 5, 2026 231 Views 0 comment Print

Additional Objections Permissible in Section 7 IBC Proceedings: Kerala HC

Company Law : Kerala HC held Rule 55 empowers NCLT to accept additional pleadings, setting aside refusal to entertain further objections in a Se...

July 4, 2026 87 Views 0 comment Print

Factoring of Trade Receivables Does Not Convert Operational Debt into Financial Debt: NCLAT Delhi

Corporate Law : NCLAT held that invoice discounting through the TReDS platform does not convert operational debt into financial debt. The appeal w...

July 4, 2026 126 Views 0 comment Print

Pending Winding-Up Proceedings Do Not Bar Independent Section 7 IBC Application Unless Irreversible Stage Is Reached: SC

Corporate Law : Supreme Court held that a Section 7 IBC application can proceed despite pending winding-up proceedings where no irreversible stage...

July 3, 2026 90 Views 0 comment Print

NCLT Admits Insolvency Petition Because No Genuine Pre-Existing Dispute Was Established

Corporate Law : NCLT admitted the Section 9 petition after holding that campaign-related emails did not constitute a genuine pre-existing dispute....

July 3, 2026 123 Views 0 comment Print


Latest Notifications


IBBI Cancels IP Registration for Systemic CIRP Misuse & Due Diligence Failures

Corporate Law : IBBI cancelled an IP’s registration over systemic CIRP misuse, flawed valuations, non-disclosures, compliance failures and lack ...

July 4, 2026 291 Views 0 comment Print

IBBI publishes syllabus for Phase 10 of Limited Insolvency Examination

Corporate Law : IBBI has released the Phase 10 syllabus for the Limited Insolvency Examination, effective from October 1, 2026, to reflect evolvin...

July 1, 2026 240 Views 0 comment Print

IBBI RTI Appeal Allowed as CPIO Failed to Respond Within Statutory Time Limit

Corporate Law : The First Appellate Authority directed the CPIO to dispose of the RTI application after finding it was not decided within the 30-d...

June 30, 2026 192 Views 0 comment Print

IBBI Penalises RP for Defying NCLT Orders on Financial Creditor Claim

Corporate Law : The Disciplinary Committee found that the Resolution Professional delayed admission of a financial creditor's claim and failed to ...

June 25, 2026 306 Views 0 comment Print

IBBI Suspends Insolvency Professional Over Multiple CIRP Lapses in Real Estate Case

Corporate Law : The Disciplinary Committee imposed a two-year suspension after finding failures in claim verification, unauthorized financial deci...

June 16, 2026 408 Views 0 comment Print


IBBI (Inspection and Investigation) (Amendment) Regulations, 2026

June 1, 2026 228 Views 0 comment Print

The 2026 amendment replaces references to whole-time members with a broader framework allowing the Disciplinary Committee to consist of one or more persons. The changes update the regulatory structure governing inspections and investigations under the IBC framework.

IBBI Amends Grievance Rules to Remove Form A Requirement for Complaints

June 1, 2026 138 Views 0 comment Print

The Board has streamlined grievance procedures by omitting Form A from the regulations and allowing complaints in Board-notified formats. The move increases administrative efficiency and procedural adaptability.

NCLT Admits Section 7 Petition as Financial Debt & Default of Over ₹7.47 Crore Established

May 31, 2026 327 Views 0 comment Print

The Tribunal admitted the insolvency petition after finding sufficient evidence of a subsisting financial debt and default in repayment exceeding the statutory threshold under the IBC.

Income Tax Demand Quashed as Resolution Plan Extinguished Pre-CIRP Tax Dues

May 30, 2026 228 Views 0 comment Print

The Gujarat High Court held that tax liabilities relating to periods before approval of a resolution plan stood extinguished under Section 31 of the IBC. Consequently, the assessment order and demand notice were quashed.

IBBI Rejects RTI Appeal as Official’s Identity Was Protected Under Privacy Exemption

May 27, 2026 315 Views 0 comment Print

The First Appellate Authority held that details of the official who uploaded CIRP documents were exempt from disclosure under Section 8(1)(j) of the RTI Act due to absence of larger public interest.

Balance Confirmation & RTGS Transfers Sufficient to Prove Financial Debt: NCLT Kolkata

May 26, 2026 315 Views 0 comment Print

NCLT observed that the corporate debtor had acknowledged outstanding balances and never denied receipt of loan disbursements. These records were held sufficient to establish debt and default under Section 7 of the IBC.

Technical Guidance Agreement Sufficient to Establish Operational Debt Without Invoices: NCLAT

May 26, 2026 312 Views 0 comment Print

NCLAT observed that royalty payment obligation flowed directly from Technical Guidance Agreement and did not depend on issuance of invoices. Debt and default were therefore held established.

IBBI Invites Applications for Research Associates & Consultants

May 26, 2026 549 Views 0 comment Print

The IBBI has announced contractual vacancies for Research Associates and Consultants in law and business management disciplines. The notice details eligibility, remuneration, experience requirements, and application procedures under the Insolvency and Bankruptcy Code framework.

P&H HC Quashes Income Tax Demand Not Included in Approved IBC Resolution Plan

May 26, 2026 375 Views 0 comment Print

Punjab and Haryana High Court held that once a resolution plan is approved under Section 31 of the IBC, tax demands not included in the plan stand extinguished. The Court set aside the assessment order, demand notice, and penalty proceedings.

IBC 2026: Transformative reforms may falter without institutional readiness

May 25, 2026 471 Views 1 comment Print

The Insolvency and Bankruptcy Code (Amendment) Act, 2026 introduces creditor-led insolvency, group insolvency, and cross-border resolution mechanisms to modernize India’s insolvency framework. The article explains how the reforms aim to speed up resolutions and strengthen creditor confidence.

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