Tag: IBC2016
The Operational Creditor’s Battle for Justice and the Significance of Valid Service in Insolvency Proceedings
The Supreme Court of India recently dealt with a significant issue concerning the Insolvency and Bankruptcy Code, 2016 (IBC) in the case of VISA Coke Limited versus M/S MESCO Kalinga Steel Limited (Civil Appeal No.
CoC’s Unfettered Authority vs. RP’s Regulation 39(1A) Limitation
On 28 March 2025, the National Company Law Appellate Tribunal (NCLAT) delivered a significant judgment in the case of Sagar Stone Industries vs. Sajjan Kumar Dokania & Ors., dismissing two appeals filed by an unsuccessful
NCLAT’s Decision in Phoenix ARC Case: Implications for Secured Creditors’ Security Interest in Liquidation
On 20 March 2025, the National Company Law Appellate Tribunal (NCLAT) delivered a judgment in the case of Phoenix ARC Private Limited vs. Kuldeep Verma, affirming the decision of the National Company Law Tribunal (NCLT)
NeSL and the Role of Information Utilities in Credit Monitoring
National E-Governance Services Limited (NeSL) is India’s first Information Utility and is registered with the Insolvency and Bankruptcy Board of India (IBBI) under the aegis of the Insolvency and Bankruptcy Code, 2016 (IBC). The company
Finality in Insolvency Resolution: Supreme Court’s Stance on Belated Claims in CIRP Cases
Background of the Case The Supreme Court of India recently delivered a significant judgment in the case of Vaibhav Goel & Anr. versus Deputy Commissioner of Income Tax & Anr. (Civil Appeal No. 49 of
IBBI Enhances Disclosure Requirements for Carry forward losses in Corporate Insolvency Resolution Process
The Insolvency and Bankruptcy Board of India (IBBI) has issued a new circular dated 17th March 2025, aimed at improving transparency in the Corporate Insolvency Resolution Process (CIRP). The directive mandates Insolvency Professionals (IPs) to
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