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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 603 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 387 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 153 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 282 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 1347 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 120 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 150 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 390 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 282 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 270 Views 0 comment Print


Latest Judiciary


Initiation of insolvency proceedings justified as application filed within limitation period

Company Law : NCLAT Delhi held that initiation of Corporate Insolvency Resolution Process (CIRP) for failure to honour repayment obligation just...

April 25, 2025 66 Views 0 comment Print

Initiation of IRP u/s. 95 of IBC against personal guarantor upheld as no principle of natural justice violated

Company Law : NCLAT Chennai held that initiation of the IRP proceeding u/s. 95 of Insolvency & Bankruptcy Code, 2016 against personal guarantor ...

April 25, 2025 117 Views 0 comment Print

Liquidation Order Revocation Under Section 33(2) Not Possible Post Asset Transfer to Auction Buyer

Corporate Law : NCLAT Chennai held that post completion of liquidation process and property of Corporate Debtor is handed over to Successful Aucti...

April 24, 2025 114 Views 0 comment Print

Moratorium u/s. 14 of IBC cannot be extended against large public interest

Corporate Law : NCLT Mumbai held that imposition of moratorium u/s. 14 of Insolvency and Bankruptcy Code, 2016 for the acquisition of land by Mumb...

April 24, 2025 150 Views 0 comment Print

Corporate Debtor Liquidation Justified as CoC Abstains from Resolution Plan Vote

Corporate Law : Thus, we do not find any error in the impugned order for the purpose of interference, therefore, the present appeal is found to be...

April 23, 2025 165 Views 0 comment Print


Latest Notifications


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 18 Views 0 comment Print

CPIO Under RTI Only Required to Provide Existing Information & not to create: IBBI

Corporate Law : IBBI's First Appellate Authority addressed an RTI appeal regarding information on the Institution of Valuers (IOV) and its foundat...

April 23, 2025 129 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 23, 2025 75 Views 0 comment Print

IBBI suspends IP for Asset protection failures & improper sale

Corporate Law : IBBI disciplinary order suspends IP Jitendrakumar Yadav for 1 year for IBC violations in Dilip Chhabria & Maha Urja cases, citing ...

April 23, 2025 102 Views 0 comment Print

Liquidation Data Format Not Mandatory under RTI: IBBI

Corporate Law : IBBI's First Appellate Authority dismisses an RTI appeal, clarifying that public authorities are not required to collate data in a...

April 23, 2025 54 Views 0 comment Print


RP’s Reply in Complaint is Personal Information; Disclosure Barred Under RTI Without Larger Public Interest

April 19, 2025 387 Views 0 comment Print

IBBI’s First Appellate Authority rejects Arush Mittal’s RTI appeal for RP’s complaint reply, citing third-party personal information exemption.

RTI Act Should Not Be Misused to Obstruct Administration: IBBI Warns Applicant

April 19, 2025 237 Views 0 comment Print

IBBI’s First Appellate Authority dismisses multiple appeals by Shashi Agarwal, citing abuse of RTI Act through repetitive and frivolous queries.

E-auction Platform Eligibility Info Not Mandated Under RTI Act: IBBI

April 19, 2025 63 Views 0 comment Print

IBBI’s First Appellate Authority dismisses Neeraj Gutgutia’s RTI appeal regarding e-auction eligibility and eBKray’s rights, citing information nature.

Application u/s. 9 of IBC after three years of MSME Council Awards is barred by limitation

April 18, 2025 111 Views 0 comment Print

NCLT Mumbai held that application u/s. 9 of the Insolvency and Bankruptcy Code [IBC] after three years of MSME Council Awards is beyond limitation as per Article 137 of the Limitation Act. Accordingly, application dismissed as barred by limitation.

Personal guarantor can prefer an appeal u/s. 61 against order of NCLT

April 18, 2025 777 Views 0 comment Print

NCLAT Delhi held that appeal against an order of NCLT initiating insolvency resolution process of personal guarantor lays to NCLAT. Thus, personal guarantor eligible to file an appeal u/s. 61 of IBC against order issued u/s. 100.

One Time Settlement proposal by Corporate Debtor is clear acknowledgement of debt & default

April 18, 2025 276 Views 0 comment Print

NCLT Kolkata held that One Time Settlement proposal given by Corporate Debtor to Financial Creditor is a clear acknowledgment of debt and default. Hence, application filed by Financial Creditor u/s. 7 of IBC for initiating CIRP against S R Timber Products Private Limited admitted.

Creditors Must Adhere to Sections 52 & 53 of IBC for Debt Recovery: NCLAT Delhi

April 17, 2025 285 Views 0 comment Print

Discrepancies in financials prompted the Appellant to seek clarifications from Personal Guarantors – Respondents No. 2 and 3, and the late Mr. Bajrang Dass Aggarwal, who provided explanations on 25.02.2020.

CIRP Against Corporate Guarantor Rejected for Failure to Establish Guarantee Invocation

April 17, 2025 495 Views 0 comment Print

NCLT Mumbai held that invocation of provisions of section 7 of the Insolvency and Bankruptcy Code against corporate guarantor not maintainable as financial creditor not able to establish invocation of corporate guarantee.

NCLT rejects Private Sale by Liquidator for Lack of Maximization Strategy for Asset Realization

April 17, 2025 114 Views 0 comment Print

NCLT Mumbai held that the private sale has to be conducted by the liquidator in a manner so as to maximize the realizations from the sale of assets. Since strategy to maximize realisation from sale of assets absent.

Google penalized for violating section 4(2)(a)(i) and 4(2)(e) of Competition Act

April 17, 2025 195 Views 0 comment Print

NCLAT Delhi held that penalty under section 27(b) of the Competition Act, 2002 imposable since Google has abused its dominant position and has violated Section 4(2)(a)(i) and 4(2)(e) of the Competition Act, 2002.

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