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CIRP FORMS
The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...- Vedanta's plea indirectly challenges commercial wisdom of CoC: Adani to NCLATAdani Enterprises told NCLAT the Jaiprakash Associates resolution process followed due procedure, with evaluation metrics disclosed upfront...
- NCLAT reaffirms project-specific insolvency proceedings against realty firmsThe National Company Law Appellate Tribunal has ruled that homebuyers' insolvency cases against real estate firms must focus only on the pr...
- Bankruptcy court admits BSE-listed Supha Pharmachem under Insolvency Resolution ProcessThe Mumbai bench of the National Company Law Tribunal has admitted Supha Pharmachem into the Corporate Insolvency Resolution Process (CIRP)...
- NCLAT rejects insolvency plea against Jumbo Finvest, upheld NCLT orderThe Appellate Tribunal NCLAT has rejected Equitas Small Finance Bank's appeal. This appeal sought to initiate insolvency proceedings agains...
- Kerala HC orders personal appearance of BYJU'S RP, GLAS representative and EY India Chief in alleged contempt caseThe Kerala High Court has summoned BYJU'S Resolution Professional, GLAS Trust, and EY India Chairman to appear on December 5, 2025. This is...
- SC junks BCCI, Riju Raveendran's plea on settlement for Byju'sThe Supreme Court has rejected appeals from the BCCI and Byju's co-founder Riju Raveendran. They sought to halt insolvency proceedings agai...
- NCLAT directs NCLT to promptly decide stay on EoI for Jaiprakash Power, Jaypee FertilisersThe NCLAT has directed the NCLT to expedite its decision regarding the stay on inviting Expression of Interest for Jaiprakash Associates' i...
- NCLT rejects JC Flowers’ claim against HDIL, says collateral alone doesn’t meet IBC standardsThe NCLT dismissed JC Flowers ARC Pvt Ltd's liability claim against HDIL, ruling the debt was not a 'financial debt' under the IBC at the t...
- IBBI proposes compliance procedures for IPs, seeks stakeholder feedbackThe Insolvency Bankruptcy Board of India (IBBI) has proposed changes to the corporate insolvency resolution process (CIRP) forms and compli...
- Regulator plans to ease compliance burden on insolvency professionalsThe bankruptcy regulator, IBBI, aims to reduce the compliance burden on insolvency professionals overseeing stressed asset resolution witho...
- NCLAT rejects Jindal Power plea to allow its bid for Tuticorin Coal TerminalThe NCLT allowed it to participate and submit the Resolution Plan to maximise its value. However, it said this opportunity shall be subject...
- Future Lifestyle Insolvency: RP receives claims of Rs 2,155.53 crore from financial creditorsFuture Lifestyle Fashions has been hit with a claim of INR2,155.5 crore ($289.4m) by 12 creditors following its default on loans. Furtherin...
- NCLAT rejects shareholders' plea against McDowell Holdings' insolvency proceedingsA two-member bench of the appellate tribunal upheld the order of the Bengaluru bench of the National Company Law Tribunal (NCLT), which on ...
- NCLAT lets RP Act on Nirmal Lifestyle arm caseThe tribunal said the CoC may take a call regarding finding out ways and means to complete the stalled projects of Nirmal Lifestyle (Kalyan...
- Insolvency resolution process rules updatedThe new rules will require resolution professionals to provide details about their opinion on avoidance transactions of the corporate debto...
- IBBI amends regulations; seeks to enhance discipline, transparency in insolvency processThe Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process...
- Haircuts for operational creditors in line with that for financial creditorsOne of the biggest successes for IBC has been the power given to operational creditors, Icra said.
- Steel sector has turned out to be one of the major beneficiaries of IBC: ICRA LtdFinancial creditors have realised close to Rs. 444 billion from these four CIRPs with an average haircut of about 47%.
- Relief for MSMEs under IBC, promoter can bid for his enterpriseThe President’s assent to the IBC Amendment Ordinance 2018 has brought in key changes for home buyers and MSMEs.
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