IBC: Mandatory Requirement of Valuation Number
August 29, 2024On 12 August 2024, the Insolvency and Bankruptcy Board of India (IBBI) issued a circular (Circular) (available here) mandating Registered…
NCLAT: CoC has no power to substitute successful resolution applicant once approved
August 22, 2024Introduction Recently, the National Company Law Appellate Tribunal, New Delhi (“NCLAT”) in Swan Energy Ltd. v. Chandan Prakash Jain, RP…“Doctrine of Necessity” can be read in accordance with the Code to revive a corporate debtor
August 19, 2024The first order of objective of the Insolvency and Bankruptcy Code, 2016 (“Code”) is “resolution”.1 Keeping this in the background,…IBBI Guidelines for the members of committee of creditors
August 13, 2024On 06 August 2024, the Insolvency and Bankruptcy Board of India (IBBI) issued ‘Guidelines for Committee of Creditors’ (Guidelines) (available…
ED vs. NCLT: NCLT can direct ED to release attached properties!
May 17, 2024The Insolvency and Bankruptcy Code, 2016 (Code), and the Prevention of Money Laundering Act, 2002 (PMLA), are both crucial pieces…
Compulsorily Convertible Debentures: Whether debt or equity?
April 9, 2024Compulsorily Convertible Debentures (CCDs), a hybrid instrument, has gained prominence in the last two decades. However, its classification as equity…
Revision of CIRP Regulations to Streamline Corporate Insolvency Resolution Process
March 1, 2024On 15 February 2024, the Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India…Streamlining liquidation: Key changes to the liquidation regulations
February 29, 2024On 12 February 2024, the Insolvency and Bankruptcy Board of India (IBBI) introduced the Insolvency and Bankruptcy Board of India…Supreme Court affirms equal treatment of homebuyers under the Insolvency and Bankruptcy Code, 2016
December 20, 2023Introduction The financial implications for homebuyers in the context of the Insolvency and Bankruptcy Code, 2016 (Code) have been a…Transactions under the Cape Town Convention exempted from the moratorium provisions of the Insolvency and Bankruptcy Code
November 29, 2023The Ministry of Corporate Affairs by notification dated 03 October 2023 (read here) exempted transactions, arrangements or agreements relating to…
