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Go First’s Insolvency Journey: A Comprehensive Analysis
Introduction Go First, formerly known as GoAir, has found itself embroiled in a protracted insolvency resolution process, overseen by the National Company Law Tribunal (NCLT). This
Time Value of Money: Expanding the Horizon of Financial Debt with the NCLAT’s Verdict
Introduction In a landmark judgment delivered on 02.04.2024, the NCLAT provided crucial insights into the interpretation of financial debt under the Insolvency and Bankruptcy Code
Landmark Supreme Court Judgment on Set-off under IBC
Introduction The Supreme Court recently delivered a landmark judgment on the principle of insolvency set-off under the IBC. The case is referred to as Bharti Airtel Ltd and Another
Section 30(2)(b) – NCLT’s Interpretation: Implications for Operational and Dissenting Financial Creditors
Introduction The National Company Law Tribunal (NCLT), Kolkata Bench, recently made a crucial decision regarding the payment to Operational Creditors and Dissenting Financial Credi
Consequences of Insolvency in India: A Legal Analysis
Introduction Insolvency represents a financial state where an individual or corporate entity finds themselves unable to discharge their debt obligations as they fall due. This cond
Consequences of Insolvency in India: Legal Framework, Regulatory Mechanisms, and Judicial Interpretations
Introduction The landscape of insolvency and bankruptcy law in India underwent a paradigmatic transformation with the enactment of the Insolvency and Bankruptcy Code, 2016 (hereina
The Interplay of insolvency and Admiralty Law
Introduction The Indian legal landscape has witnessed substantial transformations in recent years, particularly in the domains of insolvency resolution and Admiralty Law. These ref
The Unnotified Repeal: Section 243 of the Insolvency and Bankruptcy Code and Its Implications for Individual Insolvency in India
Introduction to India’s Insolvency Framework When India introduced the Insolvency and Bankruptcy Code in 2016, the legislative intent was clear: create a unified, time-bound
Interplay Between Admiralty Act and IBC: A Critical Analysis of Raj Shipping Agencies Pvt. Ltd. v. Barge Madhwa & Anr.
Interplay Between Admiralty Act and IBC: Critical Analysis- Raj Shipping Pvt. Ltd. V. Barge Madhva and Anr. Understanding the Legislative Framework The Indian maritime sector witne
Section 18 of the Limitation Act applicable to IBC proceedings : Hon’ble Supreme Court of India
The Supreme Court held that Section 18 of the Limitation Act applies to actions brought under the Insolvency and Bankruptcy Code. “An acknowledgement in a balance sheet witho
