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INSOLVENCY AND BANKRUPTCY CODE 2016
Insolvency law not a recovery mechanism, Supreme Court reiterates in key IBC rulingIn a landmark decision, the Supreme Court has clarified that insolvency law is not intended for the mere pursuit of debt recovery. It highl...23 Apr, 2026, 11.37 PM IST- Rs 15 lakh PF deducted but not deposited: HC allows criminal case to continue against director of company that turned insolventThe Orissa High Court ruled that a company director will face a criminal case for failing to deposit Rs 15 lakh deducted from employee sala...23 Apr, 2026, 11.49 AM IST
- NCLAT reverses insolvency proceedings against Vatika LtdThe National Company Law Appellate Tribunal has overturned a lower court's decision to start insolvency proceedings against real estate fir...30 Mar, 2026, 10.26 PM IST
- NCLT reserves order in BSNL insolvency case filed by DigispiceNational Company Law Tribunal reserves order in insolvency petition against Bharat Sanchar Nigam Limited filed by Digispice Technologies Lt...23 Jan, 2024, 07.33 PM IST
- Delhi HC seeks govt's response on Go First lessor's plea for deregistration of aircraftACG Aircraft Leasing Ireland, a lessor of Go First airlines, has petitioned the Delhi High Court seeking deregistration of its leased aircr...13 Oct, 2023, 11.51 AM IST
- NCLT seeks explanation from SpiceJet on lessor’s petitionsWhile the tribunal noted that a notice could be issued in the matter, the senior counsel for the airline asked for a day's time to study th...18 Aug, 2023, 01.10 AM IST
- Will the upcoming Budget make reforms to the Insolvency and Bankruptcy Code, 2016?As time is of the essence in the insolvency resolution process, therefore the government in the budget session 2023 may take proactive meas...31 Jan, 2023, 03.20 PM IST
- Over 21,250 cases pending before NCLT at end of December 2020In a written reply to Lok Sabha, Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday said that during the lockdown, adequat...08 Feb, 2021, 09.22 PM IST
- Vedanta acquires management control of Electrosteel SteelsVedanta Ltd had last week deposited an upfront amount of Rs 5,320 crore also in the escrow account of Electrosteel Steels Ltd.11 Jun, 2018, 02.56 PM IST
- IBBI invites comments on RFP contents under IBCA healthy participation of market players in the resolution process requires that RFP provides relevant information, excluding those proscr...23 Feb, 2018, 11.18 PM IST
- NCLT issues moratorium order against Orissa Minerals Development CoThe company said that NCLT had issued the moratorium order for starting the corporate resolution process following the petition filed by Or...23 Feb, 2018, 02.27 PM IST
- NCLT admits insolvency petition of IDBI against Jaypee InfratechThe Allahabad bench of NCLT has admitted the petition filed by IDBI Bank under Section 7 of Insolvency and Bankruptcy Code 2016, Jaypee Inf...10 Aug, 2017, 10.30 PM IST
- This smallcap stock eroded 60% of investor wealth in 10 sessionsShares of Shilpi Cable Technologies hit the lower circuit for the ninth consecutive session on Thursday11 May, 2017, 12.30 PM IST
- Bad loans ordinance empowers RBI to instruct banks for resolution of stressed assetsThe ordinance authorises RBI to issue directions to any banking company or banking companies to initiate insolvency resolution process in r...05 May, 2017, 01.49 PM IST
- Creditors throw lifeline to help sinking BharatiInitial infusion of Rs 400 crore & management rejig proposed.11 Apr, 2017, 10.33 AM IST
- Bankruptcy Code to unlock Rs 25,000 crore in 5 years: ICSI"Insolvency & Bankruptcy Code, 2016 is likely to unlock Rs 25,000 crore of money over the next five years, ICSI President Mamta Binani told...16 Dec, 2016, 08.18 PM IST
- Bankruptcy bill gets Lok Sabha nod, faces Rajya Sabha testThe Lok Sabha on Thursday gave its nod to the new bankruptcy code, which aims to defuse the crisis of the looming bad loans in the banking ...06 May, 2016, 03.04 AM IST
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