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IBC 2016

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No More Technical Escapes: SC Settles Law on Guarantee Validity, Stamping & Disclosures in CIRP

Corporate Law : The Supreme Court held that liabilities arising from corporate guarantees qualify as financial debt under Section 5(8) of the Inso...

May 21, 2026 240 Views 0 comment Print

SC on Shortfall Undertakings as Financial Debt: China Development Bank v. Doha Bank

Corporate Law : The Supreme Court ruled that a shortfall payment clause in a Deed of Hypothecation can qualify as a contract of guarantee under th...

May 21, 2026 192 Views 0 comment Print

Ambiguous Position of Indian Tax Debts in Waterfall Mechanism

Corporate Law : The article examines how conflicting Supreme Court judgments in Rainbow Papers and Raman Ispat created uncertainty regarding the s...

May 18, 2026 327 Views 0 comment Print

IBC (Amendment) Act, 2026 open gateways for early intervention through CIIRP (Chapter IV-A (Sections 58A–58K) – Let’s Decode CIIRP

Corporate Law : The IBC (Amendment) Act, 2026 introduces CIIRP as a faster and proactive insolvency mechanism for early-stage financial stress. Th...

May 15, 2026 276 Views 0 comment Print

Insolvency As A Strategic Pressure Tool and How Courts are Pushing Back

Corporate Law : Explains how the Court held that insolvency proceedings cannot be used as a pressure tactic for debt recovery. Even if default is ...

May 5, 2026 222 Views 0 comment Print


Latest News


Latest Case Law Related to IBC 2016: January to March 2026

Corporate Law : The Supreme Court upheld joint insolvency proceedings against two interconnected real estate companies due to common management an...

May 21, 2026 153 Views 0 comment Print

IBBI Issues 2026 Guidelines for Insolvency Professional Appointments

Corporate Law : 2026 Guidelines streamline selection of Insolvency Professionals for IRP, RP, Liquidator, and Bankruptcy Trustee roles, ensuring t...

May 19, 2026 2196 Views 1 comment Print

IBBI Proposes Amendments to IBBI (Liquidation Process) Regulations, 2016

Corporate Law : The amendments replace the consultation committee with CoC oversight, giving creditors greater control over liquidation decisions....

April 17, 2026 339 Views 0 comment Print

IBBI Proposes Creditor-Led Insolvency Framework to Enable Faster Resolution

Corporate Law : The proposal focuses on enabling creditors to initiate resolution while retaining debtor management under supervision. It sets out...

April 17, 2026 348 Views 0 comment Print

IBBI Proposes Amendments Due to Introduction of ‘Service Provider’ Definition

Corporate Law : The amendments arise from the inclusion of a unified “service provider” definition under the Code. The move expands regulatory...

April 15, 2026 363 Views 0 comment Print


Latest Judiciary


NCLT Orders Dissolution as All Assets Were Liquidated & Distributed Under Section 53

Corporate Law : NCLT Indore held that dissolution under Section 54 of the IBC was justified after all assets of the corporate debtor were liquidat...

May 22, 2026 96 Views 0 comment Print

NCLT Admits CIRP as OTS Proposal Remained Unimplemented Despite Repeated Extensions

Corporate Law : NCLT Mumbai held that ongoing One-Time Settlement discussions cannot defeat insolvency proceedings when debt and default are admit...

May 22, 2026 90 Views 0 comment Print

Subsidiary Company Assets Cannot Form Part of Parent Company Insolvency: NCLAT Delhi

Corporate Law : NCLAT held that foreign oil and gas assets owned through Videocon subsidiaries could not be included in the CIRP of Videocon Indus...

May 22, 2026 96 Views 0 comment Print

NCLT Directs Liquidation After 741-Day CIRP Expires Without Approved Resolution Plan

Corporate Law : Tribunal noted that the CIRP period, including all extensions, had reached 741 days and expired on 20 November 2025. Since no plan...

May 22, 2026 120 Views 0 comment Print

NCLT Orders Liquidation After CoC Rejects All Resolution Plans With Majority Vote

Corporate Law : The NCLT Mumbai held that liquidation became mandatory under Section 33(2) of the IBC after the Committee of Creditors rejected al...

May 22, 2026 141 Views 0 comment Print


Latest Notifications


IBBI Pre-Packaged Insolvency Resolution Process) (Second Amendment) Regulations, 2026

Corporate Law : The amendment bars related parties, recent auditors, and connected persons from acting as registered valuers in pre-pack insolvenc...

May 21, 2026 150 Views 0 comment Print

IBBI (Liquidation Process) (Third Amendment) Regulations, 2026

Corporate Law : The IBBI amended the Liquidation Process Regulations, 2016 to allow appointment of one registered valuer for each asset class in M...

May 21, 2026 168 Views 0 comment Print

IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2026

Corporate Law : The IBBI amended the CIRP Regulations, 2016 to permit appointment of one set of registered valuers for MSME corporate debtors. The...

May 21, 2026 174 Views 0 comment Print

IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2026

Corporate Law : The IBBI Amendment Regulations, 2026 introduce nominee directors on IPA governing boards and strengthen oversight mechanisms. The ...

May 14, 2026 234 Views 0 comment Print

Insolvency Professional Suspended for Repeated Delays in Liquidation Compliance

Corporate Law : The order highlights that delayed applications, late progress reports, and non-compliance with filing requirements amounted to ser...

May 7, 2026 306 Views 0 comment Print


Advance receipt against future supply is Operational Debt: NCLT Mumbai

April 14, 2025 540 Views 0 comment Print

NCLT Mumbai held that the Advance received by the Corporate Debtor against future supply of goods is an Operational Debt. Petition u/s. 9 of Insolvency and Bankruptcy Code admitted since Corporate Debtor failed to pay operational debt.

Go Airline liquidation justified as CoC empowered to decide liquidation of Corporate Debtor

April 14, 2025 588 Views 0 comment Print

NCLAT Delhi held that as per section 33(2) of the Insolvency and Bankruptcy Code, CoC is empowered to take decision to liquidate the Corporate Debtor thus resolution passed with 100% vote share directing for liquidation of Corporate Debtor [Go Airlines] justified.

IBBI’s 2025 Reforms: Illuminating Insolvency or Entwining Stakeholders?

April 14, 2025 588 Views 0 comment Print

There’s a lack of real space to unpack the inappropriateness of certain aspects of IBBI’s 2025 reforms is difficult: the reform questions it poses of the evolving structure and normative priorities of India’s insolvency regime are complex.

Delayed reply does not preclude CD from presenting evidence of a pre-existing dispute

April 12, 2025 1254 Views 0 comment Print

 NCLT rules corporate debtor can raise pre-existing dispute even without timely reply to IBC Section 8 notice, rejects insolvency application.

IBBI Disposes Appeals: RTI Act Limits to Existing Information Only

April 11, 2025 462 Views 0 comment Print

IBBI’s First Appellate Authority disposes of RTI appeals concerning information on actions against a Resolution Professional and CoC details.

IBC Proceedings U/S 7 Unjustified as Debt and Default Not Established

April 11, 2025 867 Views 0 comment Print

NCLAT Delhi held that in absence of both disbursements directly to Corporate Debtor and default, attempt to invoke proceedings u/s. 7 of IBC unsustainable. Thus, since CIRP was fraudulent and malicious, dismissal u/s. 65 of IBC upheld.

NCLT Kochi Orders ₹2 Lakh Remuneration to Outgoing Liquidator per IBBI Rules

April 11, 2025 1086 Views 0 comment Print

Adjudicating Authority admitted the application filed by Sri. Chandy John Samuel & Others against the Corporate Debtor u/s.7 of the Insolvency and Bankruptcy Code, 2016 for initiating the Corporate Insolvency Resolution Process.

Demand notice u/s. 95(4) of IBC sent to last known address is valid service of notice

April 11, 2025 1758 Views 0 comment Print

NCLAT Delhi held that demand notice issued u/s. 95(4) of the Insolvency and Bankruptcy Code, 2016 [IBC] when sent to last known address as stipulated in Guarantee Deed is valid service of notice under established legal principles. Accordingly, appeals dismissed.

NCLAT Orders Refund for Settled Bank Loan in Corporate Insolvency Case

April 11, 2025 840 Views 0 comment Print

NCLAT rules allottee who cancelled unit by request cannot be financial creditor. Order directs payment of settled bank loan.

Under RTI CPIO Not Bound to Provide Opinions on criminal activities: IBBI

April 9, 2025 621 Views 0 comment Print

IBBI’s First Appellate Authority dismisses Ravinder Aggarwal’s RTI appeal seeking details on MSA Developers’ resolution plan implementation.

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