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The Insolvency and Bankruptcy Code and Corporate Governance in India: Accountability Mechanisms as They Stand in 2026
Corporate governance is usually discussed in terms of the Companies Act, 2013, listing regulations and board practice. Yet corporate governance under the IBC becomes particularly s
Homebuyers and Other Consumers under the IBC: Why the Law Treats Them Differently
A family that has paid instalments for an apartment and a traveller who has paid for an airline ticket are both, in ordinary language, consumers who paid in advance for something t
Can Tax Refunds Be Set Off Against Dues During the IBC Moratorium? The Kotak Urja Ruling and 2026 Law
Tax authorities routinely adjust a refund due to a taxpayer against outstanding tax demands of the same taxpayer. When the taxpayer is a company undergoing corporate insolvency res
Limitation for Operational Creditors under Section 9 of the IBC: Invoices, Part Payments and Acknowledgments
Suppliers often allow invoices to remain unpaid for years in the hope of preserving a commercial relationship. When they eventually turn to Section 9 of the Insolvency and Bankrupt
Tax Dues in Insolvency under the IBC: Priority, Moratorium and the Clean Slate after the 2026 Amendments
Tax authorities are among the largest creditors in many insolvencies, yet the Insolvency and Bankruptcy Code, 2016 (“IBC”) does not give tax dues under IBC any special
Pre-Packaged Insolvency Resolution Process (PPIRP) for MSMEs under the IBC: How It Works and What Changed in 2026
A conventional corporate insolvency resolution process (“CIRP”) under the Insolvency and Bankruptcy Code, 2016 (“IBC”) removes the board of directors and ha
Voluntary Liquidation of a Solvent Company under Section 59 of the IBC: Process, Timelines and the 2026 Changes
A company that has stopped doing business and has no unpaid debts still exists in law until it is formally dissolved. Indian law offers several exit routes, and the one designed fo
Section 10A of the IBC and COVID-Period Defaults: The NCLAT Decision in the Sporta Technologies Appeal
Section 10A of the Insolvency and Bankruptcy Code, 2016 (“IBC”) was a pandemic-era measure with a permanent effect: defaults that arose during the protected window can
CIRP Timelines, Aircraft Lessors and Liquidation: What the Go First Proceedings Show about Airline Insolvency
An airline in insolvency raises problems that the Insolvency and Bankruptcy Code, 2016 (“IBC”) was not originally designed for: the most valuable assets are leased, the
NBFC Management Transfers: Navigating Compliance and Approval Processes in Non-Banking Financial Companies
Introduction Non-Banking Financial Companies (NBFCs) constitute a vital segment of the financial ecosystem, serving as crucial intermediaries between depositors and investors. The
