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IBC 2016

Latest Articles


Stages of CIRP: From Initiation to Resolution or Liquidation

Corporate Law : Understand Corporate Insolvency Resolution Process (CIRP) in India, from initiation and moratorium to resolution plan approval and...

February 16, 2025 708 Views 0 comment Print

Income Tax Implications under Insolvency & Bankruptcy Code, 2016

Corporate Law : Pursuant to approval of Resolution Plan by the Adjudicating Authority under Insolvency & Bankruptcy Code, 2016, has presuppose wai...

January 14, 2025 612 Views 0 comment Print

Latest Case Law Related to IBC – July to September 2024

Corporate Law : Insights into recent Supreme Court and High Court judgments on IBC cases, covering corporate guarantees, auction timelines, liquid...

November 12, 2024 1701 Views 1 comment Print

Insolvency Withdrawals: Balance of Creditor Rights & Adjudicating Authority

Corporate Law : Explore the legal complexities of CIRP withdrawals and the protection of creditor rights under the Insolvency and Bankruptcy Code ...

October 29, 2024 552 Views 0 comment Print

Juggling Speed and Competition: The Case Against Green Channel Approvals in Corporate Insolvency Resolution

Corporate Law : Explore the issues surrounding green channel approvals in India's Corporate Insolvency Resolution Process and alternative solution...

October 24, 2024 222 Views 0 comment Print


Latest News


RTI Appeals Against IBBI Dismissed Over Repetitive Filings

Corporate Law : IBBI dismisses multiple RTI appeals citing misuse of the RTI Act through repetitive filings. The order emphasizes responsible use ...

March 7, 2025 126 Views 0 comment Print

Investigation Status Inquiries Are Beyond RTI Act Scope: IBBI

Corporate Law : RTI Act permits access only to information held by a public authority and does not require the creation or interpretation of infor...

February 21, 2025 117 Views 0 comment Print

Latest Case Law Related to IBC 2016: October to December 2024

Corporate Law : Key IBC case law updates from Oct-Dec 2024, covering Supreme Court and High Court decisions on CoC powers, resolution plans, relat...

February 13, 2025 468 Views 0 comment Print

Status of Barshi Textile Mills & IBC Provisions

Corporate Law : The Government clarified that no cooperative sector companies in Maharashtra are declared corrupt under IBC, 2016, and Barshi Text...

February 12, 2025 84 Views 0 comment Print

MSME Ministry Information held in fiduciary capacity not disclosable under RTI: IBBI

Corporate Law : IBBI denies RTI appeal citing fiduciary exemption under Section 8(1)(e). The requested MSME-related information was withheld. Appe...

February 12, 2025 81 Views 0 comment Print


Latest Judiciary


Gratuity doesn’t form part of liquidation estate: Calcutta HC

Corporate Law : Calcutta High Court held that gratuity doesn’t form part of liquidation estate. Hence, entire dues of workers would not come und...

March 10, 2025 141 Views 0 comment Print

Rejection of resolution plan by CoC after discussion justifiable: NCLAT Delhi

Corporate Law : NCLAT Delhi held that rejection of resolution plan of appellant justified as CoC deliberated and discussed the Resolution Plan of ...

March 10, 2025 78 Views 0 comment Print

NCLAT held Electricity was essential supply, couldn’t be disconnected during moratorium period under IBC

Company Law : When the corporate debtor failed to pay the outstanding power obligation, appellant subsequently cut off the electrical service. O...

March 10, 2025 51 Views 0 comment Print

AO can determine tax liabilities even during insolvency proceedings: ITAT Mumbai

Income Tax : ITAT Mumbai restores MITC Metals case for fresh adjudication, ruling that assessment order was not void ab-initio despite ongoing ...

March 8, 2025 117 Views 0 comment Print

Lone Homebuyer Cannot Challenge Resolution Plan Approval: NCLAT Delhi

Corporate Law : NCLAT Delhi ruled that a single homebuyer cannot challenge a resolution plan approved by the CoC. The decision follows Supreme Cou...

March 8, 2025 72 Views 0 comment Print


Latest Notifications


RTI Act Grants Access to Records, Not Obligations to Compile Non-Existent Information

Corporate Law : IBBI rejects RTI appeal seeking detailed breakup of Dalmia Cement claims in Jaiprakash insolvency case, citing unavailability of d...

March 7, 2025 210 Views 0 comment Print

Clarifications on Valuer Registration & employment grievance  Beyond RTI Scope

Corporate Law : IBBI rejects RTI appeal seeking clarifications on valuer registration, stating that opinions and justifications do not fall under ...

March 7, 2025 114 Views 0 comment Print

Ongoing Fraud Investigation in Asset Sale: IBBI Directs RP to Report Results

Corporate Law : IBBI disposes of SCN against IP in CIRP case, addresses claims dispute, and ongoing RoC investigation. Details of findings and DC'...

March 6, 2025 510 Views 0 comment Print

IBBI Suspends IP for delays & procedural lapses in liquidation process

Corporate Law : The IBBI Disciplinary Committee has suspended Ms. Sonu Jain for one year due to delays and procedural lapses in the liquidation pr...

March 6, 2025 120 Views 0 comment Print

IBBI Suspends Valuer’s Registration for flawed Valuation Report in CIRP & Liquidation

Corporate Law : IBBI suspends valuer for six months for non-transparent valuation in CIRP and liquidation of Base Corporation Ltd., citing violati...

March 5, 2025 252 Views 0 comment Print


IBBI Releases 2024 Guidelines for Insolvency Professionals

December 3, 2024 513 Views 0 comment Print

IBBI issues guidelines for appointing Insolvency Professionals as IRPs, RPs, Liquidators, and Bankruptcy Trustees, effective January 1 to June 30, 2025.

Rejection of application u/s. 9 of IBC justified due to pre-existing dispute: NCLAT Delhi

December 2, 2024 309 Views 0 comment Print

The Appellant- Operational Creditor had undertaken to provide services for production of Television Commercial, print shoot and digital content for the Respondent -Patanjali Paridhan Private Limited under the terms of proforma invoice dated 17.10.2018.

IBBI Extends Deadline for Filing Liquidation Process Forms

December 2, 2024 231 Views 0 comment Print

IBBI extends the deadline for filing liquidation and voluntary liquidation forms under the IBC, 2016, to December 31, 2024, citing technical issues.

Limitation Period for IBC Appeal Starts from Pronouncement of Order: NCLAT

December 1, 2024 231 Views 0 comment Print

NCLAT rules limitation period for IBC appeal starts from date of order pronouncement, not upload, dismissing appeal due to delay beyond permissible period.

IBBI Introduces Centralized Auction Platform for Liquidation

November 29, 2024 447 Views 0 comment Print

IBBI mandates eBKray platform for asset auctions in liquidation, enhancing transparency, efficiency, and bidder participation. Effective from November 1, 2024.

Financial Haircuts Under IBC Process and Government Measures

November 28, 2024 678 Views 0 comment Print

Details on financial haircuts under the IBC process, creditor claims, and steps to ensure proper implementation of IBC provisions.

Govt explains Loan Settlement of ₹49,000 Cr Debt for ₹455 Cr

November 28, 2024 996 Views 0 comment Print

Clarification on the ₹49,000 crore debt settlement for ₹455 crore under CIRP. Details of NCLT approval, creditors’ recovery, and the IBC process.

IBBI Cancels Insolvency Professional Registration for Misconduct in Liquidation

November 26, 2024 558 Views 0 comment Print

IBBI cancels Amit Gupta’s registration for regulatory violations during liquidation processes, including excess fees and improper practices.

Resolution Professional not allowed to pay pre-CIRP dues outside resolution framework: NCLAT Delhi

November 25, 2024 519 Views 0 comment Print

The Appellant had filed appeal seeking direction against the Secretary, Ministry of Coal-Respondent No.1 and Coal Controller-Respondent No.2 not to withdraw the mine opening permission in respect of Marki Mangle – I Coal Block.

Premium amount or lease rent is not part of section 14(1)(d) of IBC: NCLAT Delhi

November 25, 2024 471 Views 0 comment Print

M/s Concord Infrastructure Pvt. Ltd. (Operational Creditor) filed an application u/s. 9 of the Insolvency and Bankruptcy Code, 2016 before the Adjudicating Authority against M/s Shubhkamna Buildtech Pvt. Ltd. (Corporate Debtor) which was admitted on 26.11.2018.

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