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Can Courts Recall a Liquidation Order to Protect Market Sentiment: Judicial Economy or Judicial Overreach?
Abstract The Supreme Court of India’s handling of the Bhushan Power and Steel Limited (“BPSL”) insolvency has triggered one of the most consequential debates in I
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
Joint Insolvency Proceedings for Intricately Linked Corporate Entities Under IBC
Introduction On February 3, 2026, the Supreme Court of India delivered a landmark judgment in Satinder Singh Bhasin v. Col. Gautam Mullick & Ors. [1], which affirmed that a sin
Promoter’s Undertaking to Infuse Funds Does Not Amount to a Contract of Guarantee Under Section 126 of the Indian Contract Act: A Critical Analysis of the Supreme Court’s Ruling
Introduction The Supreme Court of India recently delivered a significant judgment that clarifies the legal distinction between a promoter’s undertaking to arrange funds for a
Actual Control of Assets by IRP Under IBC: No Concept of Symbolic Possession
Introduction The Insolvency and Bankruptcy Code, 2016 (IBC) represents a watershed moment in India’s insolvency regime, fundamentally transforming how corporate distress is m
Article 142 Under Scrutiny: Supreme Court’s Rare Self-Correction in the BPSL Case
Introduction In an extraordinary demonstration of judicial accountability, Chief Justice B.R. Gavai recently acknowledged that the Supreme Court’s invocation of Article 142 i
Indian Aviation Law Reforms 2024-2025: Airline Insolvency, Regulatory Overhaul, and Global Integration
Introduction The Indian aviation sector has witnessed unprecedented legal and regulatory transformations in 2024-2025, marking a pivotal moment in the evolution of domestic Indian
NCLT’s Power to Punish for Civil Contempt: A Comprehensive Legal Analysis of Section 425 of the Companies Act, 2013
Executive Summary The power of the National Company Law Tribunal (NCLT) to punish for civil contempt represents a cornerstone of judicial authority essential for maintaining the sa
Personal Guarantor Liability Post-Insolvency: Supreme Court’s Expansive Interpretation
Introduction The insolvency regime for personal guarantors to corporate debtors represents one of the most contentious and rapidly evolving areas of India’s insolvency jurisp
Group Insolvency in India: Legal Necessity or Legislative Overreach?
Introduction The insolvency of corporate groups—constellations of legally distinct entities functioning as integrated economic units—presents distinctive challenges that test t
