#IBC 2016
Log in to FollowLatest IBC 2016 judgments, orders, IBC developments, insolvency and corporate law updates with practical legal analysis on TaxGuru.

What Sets IBC 2016 Apart from previous Insolvency Laws in India?

Compatibility of Reverse CIRP with the Principles of IBC

NCLT cannot determine controversy of attachment of property under Prohibition of Benami Property Transactions Act

Amount duly payable to liquidator as assets proved to be fictitious/ fraudulent

Initiation of CIRP ordered as petition filed u/s. 7 of IBC is complete in all respect

Transfer fee for land transfer cannot be demanded if NCLT exempts the same under IBC

Financial creditors are placed at a higher priority than operational creditors

Modification in approved Resolution Plan under IBC not permissible: SC

Petition u/s. 7 of IBC duly admissible on existence of ‘debt’ and ‘default’

Explanation u/s 14(1)(d) of IBC doesn’t apply to lease premium amount and lease rent

Residuary jurisdiction of NCLT under section 60(5)(c) of I&B Code is limited

IBBI suspends Registration of IP for delay in CIRP proceedings

IBBI takes lenient view against Registered Valuer for minor procedural deviations

Inclusion of transportation cost of inventory while calculating Liquidation value
Explore the latest IBC 2016 judgments, orders and legal developments on TaxGuru. Coverage includes the Insolvency and Bankruptcy Code, CIRP, liquidation, resolution plans, creditor and debtor rights, Companies Act issues and related appellate developments. The page is designed to help insolvency professionals, companies, lenders and advisers follow significant rulings and their practical corporate-law implications.
