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Timeline of the Corporate Insolvency Resolution Process (CIRP)
The CIRP timeline under the Insolvency and Bankruptcy Code, 2016 (IBC) is intended to keep insolvency proceedings moving without unnecessary delay. When a company remains in distre
How to file a CIRP application under IBC (Sections 7, 9 and 10)
The Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC) is the legal process through which an insolvent or defaulting company underg
Aircel Spectrum Case: Supreme Court Rules Spectrum Cannot Enter the IBC Estate Due to Conditional Licensing
Background: A Telecom Giant’s Collapse and the Asset Question That Followed The story of Aircel Limited’s financial collapse is not unusual in the Indian telecom sector
MSME CIBIL Score Upgradation After Insolvency: Insolvency Law, Credit Reporting Disputes, and MSME Remediation Under IBC
Executive Summary The modern Indian financial ecosystem operates on a dual-axis framework: the regulatory rigidity of banking norms and the restorative flexibility of insolvency la
Pre-Pack Insolvency for MSMEs: Legal Loopholes in Speedy Resolution
Introduction to the Pre-Pack Insolvency for MSMEs The introduction of the pre-packaged insolvency resolution process (PIRP) for Micro, Small, and Medium Enterprises (MSMEs) through
Valuation Under IBC: A Global Perspective on India’s IBC Framework
Introduction The concept of valuation lies at the heart of any insolvency regime, serving as the foundational pillar that determines recovery outcomes, influences creditor decision
Do Promoters and Suspended Directors Have Locus Standi to Intervene in CIRP Applications?
Once a company is admitted into a corporate insolvency resolution process (“CIRP”) under the Insolvency and Bankruptcy Code, 2016 (“IBC”), the board’s
How Tribunals Decide What Qualifies as Financial Debt under the IBC: Deposits, Guarantees and Assured Returns
Two creditors may be owed identical sums by the same company and yet occupy entirely different positions in its insolvency: one sits on the committee of creditors and votes on the
Claims Filed Long After CoC Approval: The NCLAT’s Approach to Late Claims During CIRP in the D.S. Kulkarni Proceedings
A resolution plan is priced on the claims placed before the committee of creditors (“CoC”). Late claims in CIRP, particularly those raised long after the CoC has approv
When Assets Surface Mid-CIRP: Why the NCLAT Ordered a Fresh Form G in Masatya Technologies
A resolution plan is a bid for a defined pool of assets. Bidders price what the information memorandum discloses. If assets of significant value are added to that pool after bids h
