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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 264 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 327 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 249 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 294 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 243 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 411 Views 0 comment Print


CoC’s Arbitrary Rejection of Just Settlement Offer Can Be Overruled by NCLT/NCLAT

June 23, 2025 564 Views 0 comment Print

NCLAT Dehi held that if the CoC arbitrarily rejects a just settlement offer, the Adjudicating Authority as well as the Appellate Authority can always set aside such a decision. Thus, order admitting section 7 application upheld.

NCLT-approved resolution plans extinguish pre-CIRP GST demands

June 22, 2025 1386 Views 0 comment Print

Allahabad High Court rules NCLT-approved resolution plans extinguish pre-CIRP GST demands, reinforcing a “clean slate” for companies post-insolvency.

NCLAT Hyderabad Rejects CIRP Plea Over Demand Notice Sent to Wrong Address

June 21, 2025 783 Views 0 comment Print

NCLAT Hyderabad dismisses CIRP petition due to operational creditor’s failure to validly serve demand notice, despite proven debt and default.

Writ Petition Against Liquidator’s Order Dismissed as order was appealable under IBC

June 19, 2025 747 Views 0 comment Print

Assessee by bypassing the statutory mechanism, had misused the process of law as IBC, 2016 was a codified and time-bound legislation enacted to ensure the expeditious resolution or liquidation of corporate debtors, with specific timelines prescribed at each stage.

Pre-existing Employment Disputes Not Adjudicable Under IBC: NCLAT

June 18, 2025 612 Views 0 comment Print

In the matter above-mentioned NCLAT have held that pre-existing dispute between the ex-director and its management company, could not have been resolved by the NCLT under the Code.

Insolvency Petition Filed Against Vishal Mega Mart Over ₹1.3 Crore Operational Debt

June 18, 2025 1260 Views 0 comment Print

Zuree Diseno files insolvency plea against Vishal Mega Mart for unpaid dues of ₹1.3 crore. NCLT to decide on initiating corporate insolvency proceedings.

Gujarat HC Quashes Income Tax Demand Not Included in IBC Resolution Plan

June 18, 2025 699 Views 0 comment Print

Gujarat High Court rules tax recovery notices invalid for V.S. Texmills after NCLT approved resolution plan, reinforcing IBC’s binding effect on pre-existing claims.

NCLT Delhi Rejects CIRP filed with Intent to Evade Financial Obligations

June 17, 2025 4779 Views 0 comment Print

Delhi NCLT rejected Imperial Banquets & Dining’s insolvency application, stating it aimed to evade government dues owed to DTTDC, not genuine resolution.

NCLAT Delhi Upholds Multiple Challenge Rounds in Insolvency Process

June 17, 2025 648 Views 0 comment Print

NCLAT Delhi dismisses Anuj Goyal’s appeal, affirming CoC’s right to conduct multiple challenge mechanisms for corporate debtor’s value maximization.

IBC Overrides Income Tax Act: Calcutta HC Affirms IBC’s Supremacy

June 15, 2025 996 Views 0 comment Print

Calcutta High Court quashes Income Tax reassessment against Srei Equipment Finance, affirming IBC’s overriding effect post-resolution plan approval.

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