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Belated Claims under IBC: Why Claims Filed After CoC Approval of a Resolution Plan Are Generally Not Admitted
A corporate insolvency resolution process (“CIRP”) under the Insolvency and Bankruptcy Code, 2016 (“IBC”) works only if everyone bidding for the corporate d
The ₹1 Crore Minimum Threshold for Section 9 IBC Applications: Which Date Counts?
An operational creditor seeking to initiate corporate insolvency resolution process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) must show a default mee
Dream11’s Parent Company Insolvency Plea: NCLAT Reserves Judgment
Introduction The National Company Law Appellate Tribunal (NCLAT) has kept its judgment pending regarding a plea filed by Bhavit Sheth, the co-founder and COO of Dream11, challengin
Avoidance Transactions under IBC: Ensuring Accountability through the NCLT’s Directive
Introduction The NCLT Ahmedabad Bench’s judgment in *Mr. Shalabh Kumar Daga RP of Silver Proteins Pvt. Ltd. Vs. Mr. Himanshu J Domadia and Ors.* dated 11 March 2024, illumina
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
IBBI Case: Comprehensive Analysis of the V. Venkata Siva Kumar vs. IBBI Case
Introduction The case of V. Venkata Siva Kumar vs. Insolvency and Bankruptcy Board of India (IBBI) is a landmark judgment by the Madras High Court that addresses key issues surroun
Accountability of Director Under the IBC: The Adya Oils and Chemicals Ltd. Case Before NCLT Mumbai Bench
An Analysis of Director Liability and False Representation Provisions in Corporate Insolvency Proceedings Introduction The National Company Law Tribunal (NCLT) Mumbai Bench recentl
Resolution Professional Powers in Claim Revision: A Comprehensive Analysis of NCLT Delhi’s Landmark Decision and the Regulatory Framework under IBC 2016
Introduction The evolving landscape of corporate insolvency in India has been significantly shaped by judicial interpretations that clarify the roles and powers of various stakehol
Powers of the NCLT in Cases of Oppression and Mismanagement
Introduction The National Company Law Tribunal (NCLT) stands as a pivotal institution in India’s corporate landscape, safeguarding shareholder interests and ensuring fair cor
“Preferential Transactions” Section 43(3)(a) of the IBC : An Exception to Preferential Transactions
What is a preferential transaction? A Preferential Transactions is a transfer of property or an interest thereof by a corporate debtor to a creditor or a guarantor for or on accoun
