Corporate Law : The framework permits liquidation only where the company has not defaulted on debts and can pay liabilities. It ensures a clean an...
CA, CS, CMA : The High Court ruled that retrospective cancellation of GST registration is invalid if such action is not proposed in the original...
Corporate Law : Explains how the 2025 amendment removes going-concern sales from liquidation. Highlights the shift toward speed and finality over ...
Corporate Law : IBBI Regulations 32 & 32A for liquidation: defines asset sale modes and prioritizes selling the business as a going concern to max...
Corporate Law : Understand secured creditor rights under IBC Section 52 during liquidation: relinquish security to the estate or realize independe...
Corporate Law : The amendments arise from the inclusion of a unified “service provider” definition under the Code. The move expands regulatory...
Corporate Law : The issue addressed is ambiguity in authentication and evidentiary value of financial information in insolvency cases. The propose...
Corporate Law : The proposal aligns grievance regulations with the newly introduced definition under the amended Code. It aims to ensure uniform a...
Corporate Law : The amendments focus on better protection of creditor interests and structured insolvency processes. They introduce new mechanisms...
Corporate Law : The amendment replaces rigid statutory documentation requirements with a flexible framework. This change empowers regulators while...
Company Law : NCLAT Delhi held that each and every commercial transaction which has resulted in loss may not be labelled as fraudulent or to hav...
Company Law : The appellate tribunal quashed orders permitting bankruptcy against personal guarantors after a creditor consented to grant additi...
Company Law : NCLT Allahabad held that financial creditor duly established existence of financial debt and default thereon on the part of the Co...
Company Law : The tribunal held that the resolution plan was invalid because several valuable properties were omitted from the Information Memor...
Company Law : NCLAT Delhi held that Prospective Resolution Applicant or unsuccessful Resolution Applicant doesn’t have vested right to challen...
Corporate Law : The issue was whether IBBI must provide data held by a regulated entity. The Authority held that RTI applies only to information h...
Corporate Law : The appeal found that the RTI response was delayed beyond statutory timelines. The key takeaway is that delay breaches RTI provisi...
Corporate Law : The issue was whether an RVO could grant conditional enrolment to an unqualified applicant. The authority held that such enrolment...
Corporate Law : The amendment allows financial creditors to directly initiate insolvency with prior approvals, reducing delays. It ensures faster ...
Corporate Law : The study found that most MSME insolvency cases are resolved before admission, highlighting gaps in data and process efficiency. I...
The Committee recommends shifting from entity-level to project-wise insolvency to avoid delays and protect viable projects. It held that completion, not liquidation, should be the primary objective in real estate insolvency.
The study finds that while RPs play a central role in insolvency resolution, gaps exist in managerial expertise and process execution. It recommends structural and skill-based improvements for better outcomes.
The issue was whether an RVO could grant conditional enrolment to an unqualified applicant. The authority held that such enrolment violates valuation rules. The key takeaway is that only fully eligible candidates can be admitted.
The amendment allows financial creditors to directly initiate insolvency with prior approvals, reducing delays. It ensures faster resolution and greater creditor control in insolvency proceedings.
The study found that most MSME insolvency cases are resolved before admission, highlighting gaps in data and process efficiency. It recommends reforms to improve transparency, recovery, and early settlements.
The authority held that accepting a plan from a non-listed applicant violated Regulation 39. The breach led to disciplinary action and suspension for three years
IBBI introduces IVS as the mandatory framework for all valuations under the Insolvency and Bankruptcy Code. The key takeaway is improved transparency and consistency in asset valuation across insolvency proceedings.
The appellate authority held that RTI applications cannot seek interpretations or clarifications on legal issues like treatment of flats in CIRP. Only existing records held by authorities can be disclosed under the RTI Act.
The issue concerns delayed response to an RTI application beyond the prescribed period. It was held that authorities must adhere to timelines and ensure timely disposal of information requests.
The IBBI held that forming a Committee of Creditors without verifying claims violates core insolvency principles. The ruling emphasizes that claim verification is mandatory before granting voting rights or conducting CoC meetings.
