Banks cannot disable borrower mobile phones and laptops for loan recovery. This new rule applies unless the devices themselves were finance...

The Supreme Court ruled promoters and directors cannot use insolvency moratorium against homebuyers. This decision provides significant rel...

Bira 91 founder Ankur Jain has stepped down from the company's board. He is giving up all executive powers and ownership to settle disputes...

Insolvency professionals have received a three-month extension to file forms electronically. This extension applies to monitoring resolutio...

Personal guarantors of struggling companies may lose their interim moratorium protection, as the insolvency regulator proposes changes to p...

Mumbai NCLT has admitted SBI's plea to start personal insolvency proceedings against Anil Ambani. This follows a Rs 1,200 crore claim by th...

New draft rules will require personal guarantors of stressed companies to declare all personal assets. This includes crypto, jewellery, and...

The National Company Law Tribunal in Mumbai has dismissed the Bank of Maharashtra's application to initiate insolvency proceedings against ...

The Insolvency and Bankruptcy Code (IBC) provides opportunities for defaulting firms and personal guarantors to restructure debts. The Mini...

The Insolvency and Bankruptcy Board of India (IBBI) has proposed changes in the resolution plan process to hold guarantors accountable, fol...

The ruling is expected to set a precedent for promoters of bankrupt companies who are facing proceedings under the Insolvency and Bankruptc...

IBBI has made amendments to the insolvency resolution process for personal guarantors and voluntary liquidation process. The changes remove...

The insolvency watchdog has amended regulations to allow the same insolvency professional to steer the resolution of a stressed firm as wel...

The latest data from the Insolvency and Bankruptcy Board of India (IBBI) show that a total of 2,289 cases related to personal guarantees in...

In the first three quarters of the ongoing fiscal 2023, National Company Law Tribunals (NCLTs) have admitted 117 such cases against persona...

According to the Supreme Court’s recent ruling in the Essar Steel case, overturning an order of the National Company Law Appellate Tribunal...

The law mandates a moratorium of 180 days against a corporate debtor once insolvency proceedings start.