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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 180 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 294 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 405 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 378 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 249 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 234 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 156 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 534 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 2499 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 57 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 72 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 102 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 72 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 114 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 129 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 210 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 186 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 297 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 402 Views 0 comment Print


NCLT Dismisses Section 7 Plea as Assigned Trade Receivables Remained Operational Debt

July 1, 2026 150 Views 0 comment Print

NCLT held TReDS reverse factoring dues remained operational debt, not financial debt, making a Section 7 IBC insolvency petition not maintainable.

Bank Transfer Not a Preferential Transaction as Corporate Debtor Did Not Authorise It: NCLT

July 1, 2026 192 Views 0 comment Print

NCLT held that a bank’s unilateral transfer of funds did not amount to a preferential transaction as the Corporate Debtor had not given the alleged preference.

IBBI publishes syllabus for Phase 10 of Limited Insolvency Examination

July 1, 2026 210 Views 0 comment Print

IBBI has released the Phase 10 syllabus for the Limited Insolvency Examination, effective from October 1, 2026, to reflect evolving insolvency laws and professional competency requirements.

Section 7 IBC Petition Admitted as Balance Sheets & OTS Acknowledged Debt

July 1, 2026 117 Views 0 comment Print

NCLT held that debt acknowledgments in audited balance sheets and an OTS proposal kept the Section 7 IBC application within limitation.

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

June 30, 2026 186 Views 0 comment Print

The First Appellate Authority directed the CPIO to dispose of the RTI application after finding it was not decided within the 30-day period under the RTI Act.

Calcutta HC Quashes FIR as Failed IBC Recovery Cannot Be Converted into Criminal Prosecution

June 30, 2026 156 Views 0 comment Print

Calcutta HC held that criminal proceedings cannot be used to recover civil dues after failed IBC proceedings where essential criminal ingredients are absent.

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

June 30, 2026 180 Views 0 comment Print

NCLAT held that the CoC may decide to liquidate a corporate debtor under Section 33(2) before inviting resolution plans, with limited judicial review.

Income Tax Demand Invalid as It Was Not Part of Approved Resolution Plan: P&H HC

June 28, 2026 180 Views 0 comment Print

The High Court held that once an NCLT-approved resolution plan comes into effect, claims not included in the plan stand extinguished. It quashed the income tax demand and ordered refund of the recovered amounts with interest.

NCLT Admits Insolvency Against Personal Guarantor as Continuing Guarantee Kept Claim Within Limitation

June 28, 2026 183 Views 0 comment Print

The NCLT held that limitation against the personal guarantor commenced when the continuing guarantee was invoked and not from the date of default. It admitted the insolvency petition after finding it was filed within the applicable limitation period.

Age 70 Does Not End Bankruptcy Trustee’s Existing Assignment: NCLAT Chennai

June 28, 2026 138 Views 0 comment Print

Tribunal held that proviso to Regulation 7A allows insolvency professionals to continue assignments already underway even after their Authorisation for Assignment expires. Ruling distinguishes continuation of existing assignments from acceptance of fresh assignments.

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