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IBC 2016

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 1122 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 657 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 162 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 321 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 1377 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 129 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 177 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 402 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 285 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 273 Views 0 comment Print


Latest Judiciary


Clean Slate Policy: Delhi HC Quashes Income Tax Reassessment Post-IBC Plan 

Income Tax :  Delhi High Court sets aside tax reassessment for firm post-IBC resolution plan, citing 'Clean Slate Theory' and prior judgments ...

May 14, 2025 21 Views 0 comment Print

NCLAT cannot condone delay beyond prescribed period of 45 days: SC

Corporate Law : Supreme Court held that NCLAT has no power to condone delay beyond prescribed period of 45 days to entertain appeal regardless of ...

May 10, 2025 108 Views 0 comment Print

GST Claims Barred After Resolution Plan Approval: Allahabad HC

Goods and Services Tax : Allahabad High Court rules GST demand for pre-CIRP period invalid after NCLT approves resolution plan, citing Supreme Court judgme...

May 9, 2025 198 Views 0 comment Print

Service of demand notice to Key Managerial Personnel of corporate debtor is valid: SC

Corporate Law : Supreme Court held that demand notice under section 8 of the Insolvency and Bankruptcy Code [IBC] can be served upon corporate deb...

May 8, 2025 150 Views 0 comment Print

Govt cannot Pursue Pre-IBC Dues After IBC Resolution Plan Approval: CESTAT Chennai

Excise Duty : CESTAT Chennai dismisses tax appeals against Orchid Healthcare, ruling pre-resolution government dues not in NCLT plan are extingu...

May 6, 2025 72 Views 0 comment Print


Latest Notifications


IBBI Dismisses RTI Appeals Over Misuse of Act by repetitive & overlapping requests

Corporate Law : IBBI First Appellate Authority dismisses multiple RTI appeals, citing repetitive and overlapping requests as abuse of the Act, war...

May 6, 2025 36 Views 0 comment Print

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 69 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 99 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 75 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 90 Views 0 comment Print


Latest Posts in IBC 2016

Clean Slate Policy: Delhi HC Quashes Income Tax Reassessment Post-IBC Plan 

May 14, 2025 21 Views 0 comment Print

 Delhi High Court sets aside tax reassessment for firm post-IBC resolution plan, citing ‘Clean Slate Theory’ and prior judgments on extinguished dues.

NCLAT cannot condone delay beyond prescribed period of 45 days: SC

May 10, 2025 108 Views 0 comment Print

Supreme Court held that NCLAT has no power to condone delay beyond prescribed period of 45 days to entertain appeal regardless of the reason for delay. Accordingly, order passed by NCLAT condoning delay is ultra vires and liable to be quashed.

GST Claims Barred After Resolution Plan Approval: Allahabad HC

May 9, 2025 198 Views 0 comment Print

Allahabad High Court rules GST demand for pre-CIRP period invalid after NCLT approves resolution plan, citing Supreme Court judgments on IBC finality.

Service of demand notice to Key Managerial Personnel of corporate debtor is valid: SC

May 8, 2025 150 Views 0 comment Print

Supreme Court held that demand notice under section 8 of the Insolvency and Bankruptcy Code [IBC] can be served upon corporate debtor through its Key Managerial Personnel. Accordingly, rejecting section 9 petition on technical ground is incorrect and not sustainable.

IBBI Dismisses RTI Appeals Over Misuse of Act by repetitive & overlapping requests

May 6, 2025 36 Views 0 comment Print

IBBI First Appellate Authority dismisses multiple RTI appeals, citing repetitive and overlapping requests as abuse of the Act, warns appellant.

Govt cannot Pursue Pre-IBC Dues After IBC Resolution Plan Approval: CESTAT Chennai

May 6, 2025 72 Views 0 comment Print

CESTAT Chennai dismisses tax appeals against Orchid Healthcare, ruling pre-resolution government dues not in NCLT plan are extinguished, citing Supreme Court.

Refund of Past Tax Not Allowable After Resolution Plan Sanction: Orissa HC

May 5, 2025 105 Views 0 comment Print

Orissa High Court rules tax refund for pre-resolution period can be adjusted against old dues considered in NCLT approved plan, citing Ghanashyam Mishra precedent.

NCLAT Rejects HDFC Bank’s Bid to Exclude Mortgaged Units from Resolution Plan

May 5, 2025 495 Views 0 comment Print

NCLAT Delhi dismisses HDFC Bank’s appeal to exclude mortgaged units from a resolution plan, citing lack of locus and issue with third party.

Section 9 Application Valid Despite Decree Holder Not Being an Operational Creditor: NCLAT

May 4, 2025 99 Views 0 comment Print

NCLAT Delhi states an IBC Section 9 application by an operational creditor cannot be rejected solely because they possess a decree for the unpaid debt.

CoC Can Seek Multiple Modifications to Resolution Plans: NCLAT

May 4, 2025 78 Views 0 comment Print

NCLAT Delhi clarifies that the Committee of Creditors (CoC) is not restricted to a single modification of resolution plans during CIRP.

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