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IBC 2016

Latest Articles


IBBI Circular on Filing Forms for Monitoring Voluntary Liquidation Processes

CA, CS, CMA : Discover IBBI Circular No. IBBI/LIQ/74/2024 dated 28-06-2024 on voluntary liquidation processes under the Insolvency and Bankruptc...

June 30, 2024 252 Views 0 comment Print

Forgotten Creditors: IBC’s Dual Approach for Homebuyers & other Consumers

Corporate Law : Discover how Insolvency and Bankruptcy Code (IBC) protects homebuyers and other consumers, with a detailed analysis of financial a...

June 24, 2024 453 Views 0 comment Print

Comparative Analysis of IBC, 2016 With International Bankruptcy Laws

Corporate Law : Explore the Insolvency and Bankruptcy Code, 2016 alongside international bankruptcy laws, focusing on key differences, similaritie...

June 18, 2024 450 Views 0 comment Print

Delhi HC Went Overboard in deciding Tata Bhushan Steel vs. Venus Recruiters

Corporate Law : Delhi HC's ruling on Tata Steel BSL Ltd. v. Venus Recruiters allows avoidance proceedings beyond CIRP, diverging from established ...

June 14, 2024 384 Views 0 comment Print

Options for Voluntary Closure of Companies in India

Corporate Law : Article explains various methods for voluntary company closure in India, including striking off, NCLT winding up, and voluntary li...

June 13, 2024 1113 Views 0 comment Print


Latest News


IBBI Issues Guidelines for Insolvency Professionals 2024

Corporate Law : Learn about the new guidelines by IBBI for Insolvency Professionals acting as IRPs, Liquidators, RPs, and BTs. Details on eligibil...

July 5, 2024 195 Views 0 comment Print

IBBI Format for progress report during Liquidation process

Corporate Law : IBBI updates the progress report format for liquidation processes, seeking comments by July 12, 2024. Learn about the new requirem...

June 22, 2024 345 Views 0 comment Print

IBBI Discussion Paper: Proposed Amendments to CIRP Regulations

Corporate Law : IBBI invites comments on proposed amendments to CIRP regulations, focusing on valuation processes, MSME treatment, voting protocol...

June 19, 2024 315 Views 0 comment Print

Discussion Paper on Streamlining CIRP Form Compliance for Insolvency Professionals

Corporate Law : Discover how the latest revisions in CIRP forms by IBBI aim to reduce the compliance burden on insolvency professionals and stream...

June 12, 2024 234 Views 0 comment Print

IBBI Guidelines 2024: Interim Resolution, Liquidation and Bankruptcy Trustees

Corporate Law : The Insolvency and Bankruptcy Board of India issues guidelines for Insolvency Professionals to act as Interim Resolution Professio...

June 5, 2024 384 Views 0 comment Print


Latest Judiciary


Right fees payable to BCCI by BYJU is operational debt: NCLT Bengaluru

Corporate Law : NCLT Bengaluru held that ‘right fees’ for which operational creditor (BCCI) is liable to be paid by Corporate Debtor (BYJU’s...

July 24, 2024 180 Views 0 comment Print

Transfer by Corporate Debtor resulting into value enhancement outside ambit of section 43 of IBC: NCLT Mumbai

Corporate Law : ITAT Delhi held that written off of obsolete inventory allowable as prepared in accordance with accounting standards and duly got ...

July 24, 2024 165 Views 0 comment Print

RERA Allottee Financial Creditors Must Meet Threshold for Section 7 IBC Application

Corporate Law : NCLAT Delhi ruled that financial creditors who are allottees under RERA must meet the threshold criteria to file a Section 7 appli...

July 20, 2024 237 Views 0 comment Print

NCLAT Raps Practising Company Secretary Over Filing Appeal with Voluminous Records

Corporate Law : Read the full text of the NCLAT judgment/order in A. Vijayan & Ors. vs Silver Line Retreat Hotels Pvt. Ltd. Understand why the tri...

July 20, 2024 363 Views 0 comment Print

Corporate Guarantor’s Liability Stands Despite Non-Invocation of Guarantee: NCLAT

Corporate Law : Submission of Appellant that since guarantee has not been invoked there is no debt cannot be accepted. Guarantee continues to bind...

July 20, 2024 234 Views 0 comment Print


Latest Notifications


IBBI Disciplinary Committee imposes penalty on IP for not co-operating with IBBI

Corporate Law : IBBIs recent order finds Vijaykumar Varun in violation of Insolvency Code provisions. Read details on non-compliance and disciplin...

July 24, 2024 117 Views 0 comment Print

IBBI Imposes ₹50,000 Penalty on Insolvency Professionals for Non-Cooperation

Corporate Law : Read about the IBBI Disciplinary Committee's decision on Mr. S. Diraviam regarding alleged violations during a corporate insolvenc...

July 24, 2024 120 Views 0 comment Print

IBBI penalises IP for not filing application regarding fraudulent transaction

Corporate Law : Detailed analysis of IBBI Order 229/2024 on Mr. Narender Kumar Sharma, resolving a show-cause notice with significant findings and...

July 15, 2024 102 Views 0 comment Print

IBBI suspends valuer for misuse of IBBI’s name/logo and misleading declarations

Corporate Law : Explore the IBBI's decision on Mr. Gopal Krishna Raju regarding violations under the Companies Act, 2013 and Valuation Rules, incl...

July 13, 2024 393 Views 0 comment Print

IBBI suspends IP for discussions with ex-directors regarding fees as RP

Corporate Law : Explore IBBI's Disciplinary Order No. IBBI/DC/228/2024 dated 11 July 2024 against Reshma Mittal, detailing the CIRP process, alleg...

July 11, 2024 108 Views 0 comment Print


NCLT rejects CIRP application as default by Corporate Debtor not proved

July 14, 2024 387 Views 0 comment Print

Detailed analysis of the NCLT Mumbai judgment in SBI vs Navjeevan Tyres, addressing issues of loan recall notice and corporate guarantor demand.

NCLT Upholds RP’s Stance on Malafide Assignment for Indirect CoC Representation

July 14, 2024 195 Views 0 comment Print

NCLAT Delhi upholds NCLT decision against Rolta Private Limited’s assignment agreement as malafide, prolonging CIRP process. Full judgment analysis here.

U.S. Bankruptcy Court Moratorium Order Not Automatically Enforceable in India

July 14, 2024 267 Views 0 comment Print

Explore the Calcutta High Court’s decision in Uphealth Holdings, INC. Vs Dr. Syed Sabahat Azim & Ors. regarding the applicability of foreign insolvency judgments from non-reciprocating countries in Indian courts.

IBBI suspends valuer for misuse of IBBI’s name/logo and misleading declarations

July 13, 2024 393 Views 0 comment Print

Explore the IBBI’s decision on Mr. Gopal Krishna Raju regarding violations under the Companies Act, 2013 and Valuation Rules, including misuse of IBBI’s name/logo and misleading declarations.

‘Cinema Ventures’ guilty of not reducing Ticket price despite GST Rate reduction

July 13, 2024 195 Views 0 comment Print

Detailed analysis of Competition Commission of India’s order regarding Cinema Ventures Pvt Ltd not passing GST rate reduction benefits on movie tickets. Explore findings, arguments, and conclusions.

IBBI suspends IP for discussions with ex-directors regarding fees as RP

July 11, 2024 108 Views 0 comment Print

Explore IBBI’s Disciplinary Order No. IBBI/DC/228/2024 dated 11 July 2024 against Reshma Mittal, detailing the CIRP process, alleged contraventions, and findings. Read more.

IBBI Imposes ₹2 Lakh Penalty on IP for Lack of Cooperation with Investigation Agencies

July 11, 2024 42 Views 0 comment Print

Read the detailed analysis of IBBI’s Disciplinary Committee order against Narender Kumar Sharma, an Insolvency Professional, regarding alleged violations during CIRP.

IBBI Penalizes RP for Submitting Revised Resolution Plan to AA Without CoC Approval

July 8, 2024 336 Views 0 comment Print

IBBI suspends & Penalises RP For submitting a revised resolution plan to the Adjudicating Authority (AA) without obtaining the final approval from the Committee of Creditors (CoC)

Customs Duty Claims Abate if Not Claimed During IBC Resolution Plan Implementation

July 8, 2024 132 Views 0 comment Print

Gujarat High Court abates customs tax appeals in Commissioner Of Customs (Preventive) Vs General Foods Ltd., citing IBC Sections 31 and 32A. Learn more about the case.

IBBI Issues Guidelines for Insolvency Professionals 2024

July 5, 2024 195 Views 0 comment Print

Learn about the new guidelines by IBBI for Insolvency Professionals acting as IRPs, Liquidators, RPs, and BTs. Details on eligibility, procedures, and implications.

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