Corporate Law : NCLAT held that the CoC may decide to liquidate a corporate debtor under Section 33(2) before inviting resolution plans, with limi...
Corporate Law : This article explains why the Insolvency and Bankruptcy Code places commercial decision-making in the hands of the Committee of Cr...
Corporate Law : The article explains how the NCLAT interpreted Section 66(1) to extend liability beyond company insiders to third parties who know...
Corporate Law : The Supreme Court held that individuals investing for financial returns rather than home ownership cannot invoke Section 7 of the ...
Corporate Law : The High Court held that a company cannot shift its registered office after approval of a resolution plan when appeals against the...
Corporate Law : IBBI has proposed amendments to CIRP, Liquidation, and Personal Guarantor Regulations to improve valuation, clarify RP duties, sim...
Corporate Law : The proposed amendments require comprehensive project-wise disclosures, technical assessments, and mandatory information in resolu...
Corporate Law : The Ministry of Corporate Affairs highlighted that the IBC resolution process facilitated creditor recoveries exceeding ₹4 lakh ...
Corporate Law : The IBBI has announced contractual vacancies for Research Associates and Consultants in law and business management disciplines. T...
Corporate Law : The Supreme Court upheld joint insolvency proceedings against two interconnected real estate companies due to common management an...
Corporate Law : Bombay HC held that Section 14 IBC moratorium does not prevent deemed conveyance under Section 11 MOFA and restored the society's ...
Company Law : Kerala HC held Rule 55 empowers NCLT to accept additional pleadings, setting aside refusal to entertain further objections in a Se...
Corporate Law : NCLAT held that invoice discounting through the TReDS platform does not convert operational debt into financial debt. The appeal w...
Corporate Law : Supreme Court held that a Section 7 IBC application can proceed despite pending winding-up proceedings where no irreversible stage...
Corporate Law : NCLT admitted the Section 9 petition after holding that campaign-related emails did not constitute a genuine pre-existing dispute....
Corporate Law : IBBI cancelled an IP’s registration over systemic CIRP misuse, flawed valuations, non-disclosures, compliance failures and lack ...
Corporate Law : IBBI has released the Phase 10 syllabus for the Limited Insolvency Examination, effective from October 1, 2026, to reflect evolvin...
Corporate Law : The First Appellate Authority directed the CPIO to dispose of the RTI application after finding it was not decided within the 30-d...
Corporate Law : The Disciplinary Committee found that the Resolution Professional delayed admission of a financial creditor's claim and failed to ...
Corporate Law : The Disciplinary Committee imposed a two-year suspension after finding failures in claim verification, unauthorized financial deci...
IBBI introduces standardized valuation formats, harmonised standards, and a Coordinating Valuer mechanism to improve credibility and comparability under the IBC.
The IBBI Disciplinary Committee held that continued operation of a CIRP bank account after commencement of liquidation violates Sections 34 and 36 of the Code. The professional’s registration was suspended for two years for unauthorised transactions post-liquidation.
The 2026 amendment replaces internationally accepted valuation standards with standards notified by the Board through circular. It strengthens regulatory control over valuation in personal guarantor bankruptcy cases.
The 2026 amendment revises the definition of “fair value” to include all assets and underlying synergies and requires appointment of two sets of registered valuers. It introduces a structured mechanism for computing fair and liquidation values.
The IBBI has inserted an explanation in Regulation 3 requiring registered valuers to prepare reports and maintain documentation as per a format notified by the Board. The amendment takes effect from publication in the Official Gazette.
The amendment replaces earlier valuation rule references with standards notified by the regulator through circulars. It centralizes control over valuation in liquidation proceedings.
Supreme Court held that attachment orders under the Benami Act cannot be challenged before NCLT under IBC, as the Act provides an exclusive adjudicatory mechanism. Insolvency tribunals cannot review sovereign confiscation proceedings.
The 2026 amendment revises the definition of fair value to include tangible, intangible assets and underlying synergies, and mandates a structured multi-valuer mechanism. It also prescribes clearer timelines and introduces safeguards where valuation estimates differ significantly.
The Disciplinary Committee held that reconstituting the Committee of Creditors without authority and filing contradictory affidavits misled the Adjudicating Authority. The IP’s registration has been suspended for three years.
Supreme Court held that commercial wisdom of Committee of Creditors [CoC] is non-justiciable. Stalling CIRP on account of settlement proposal without approval by CoC is not justifiable.
