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JUDICIAL INTERPRETATION OF INSOLVENCY
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...- 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...
- Creditors can pursue simultaneous insolvency proceedings against both debtors, guarantorsThe Supreme Court has ruled that financial creditors can initiate simultaneous insolvency proceedings against both a principal debtor and i...
- Budget 2026: India’s insolvency law faces its biggest upgrade in a decadeIndia's insolvency law is poised for major changes with the Insolvency and Bankruptcy Code (Amendment) Bill, 2025. This bill aims to speed ...
- Proposed IBC amendment on guarantees to aid NPA recovery: India RatingsThe amendments state that a resolution plan does not automatically release guarantors from their liabilities, aligning with the Supreme Cou...
- Departures that inspire confidenceThe Telecommunications Bill 2023 represents a departure from traditional spectrum allocation methods, allowing the Government of India to a...
- NCLT admits plea against McLeod Russel under IBCThe Kolkata bench of the National Company Law Tribunal (NCLT) has appointed Ritesh Prasad Adatiya as the interim resolution professional (I...
- Judge's skill lies in interpreting Constitution with changing times while keeping its soul intact: CJI ChandrachudThe basic structure of the Indian Constitution guides and gives certain direction to its interpreters and implementers when the path ahead ...
- Many resolution professionals under scanner for misconductPeople with direct knowledge of the matter said some of the RPs were allegedly delaying the resolution process and instead pushing for liqu...
- Insolvency resolution: The IBC story so far and the way forwardJurisprudence of any legislation takes time to evolve and IBC was no exception.
- Personal insolvency law: Delhi HC issues notices for writ petition filed by local businessmanThe litigation could potentially impact recovery of several billion dollars worth of loans given by banks to companies that were personally...
- Essar resolution to have significant impact on financial ecosystem: Satish Gupta, Essar's Resolution Professional"The resolution of Essar Steel with realisation of more than Rs 42,000 crore has significant impact on financial ecosystem. With availabili...
- IBC Amendments to ensure greater clarity: SitharamanThe minister said four out of the eight set of amendments being brought in are explanatory in nature.
- Deals on bad loans in secondary market halt on regulatory hazeForeign investors were warming up to the Indian distressed debt market of around Rs 10 lakh crore.
- With IBC about to be 3, a look at the hits & misses and the road aheadOut of the 1,484 cases admitted for resolution, 586 have been closed till December 2018 — a hit rate of 40%.
- Undermining the bankruptcy lawTo be sure, its record has been rather mixed since its birth in May 2016.
- NCLT helps recover Rs 80,000 crore in 2018; kitty may cross Rs 1-lakh crore in 2019The kitty is expected to swell beyond Rs 1 lakh crore in 2019 with several big-ticket default cases pending.
- For NCLT, it is a race against time for resolution of NPAsThe value of time seems even bigger where big money — an estimated Rs 3.5 lakh crore — is involved.
- RBI regulations on auditors put banks in a spotThe central bank on June 29 came out with a framework for statutory auditors and what actions could be taken against the audit firms in cas...
- Government disagrees with NCLT order concerning defaulting promotersBankers, too, did not agree with NCLT’s interpretation. “NCLT may have ruled the way it did, but banks would not allow any backdoor entry b...
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