IBC Moratorium Does Not Shield Penalties Under Consumer Protection Act, Supreme Court Asserts
The Supreme Court of India has delivered a landmark judgment in the matter of Saranga Anilkumar Aggarwal vs Bhavesh Dhirajlal Sheth & Ors.[1] clarifying that the interim moratorium under the Insolvency and Bankruptcy Code (IBC)
The Hon’ble Supreme Court reaffirmed that the power of judicial review should not be invoked to circumvent the statutory process prescribed under specialized legislations like the Insolvency and Bankruptcy Code.
In a landmark ruling, the Hon’ble Supreme Court of India, in Bank of Baroda v. Farooq Ali Khan & Ors. (2025 INSC 253),[i] vide Judgment dated 20.02.2025 reaffirmed the sanctity of the statutory process under
Personal Guarantors to Corporate Debtors: A Guide to Insolvency Resolution under IBC
Introduction The Insolvency and Bankruptcy Code (IBC), 2016, provides a robust legal framework to resolve insolvency and ensure the timely reorganization of debts. Sections 94 to 120, specifically, deal with the insolvency resolution process for
Ensuring Dignity: Supreme Court Rules Maintenance Claims Take Priority Over Financial Obligations
Introduction The Supreme Court of India has once again emphasized the paramount importance of the right to maintenance by declaring it superior to statutory financial claims under laws like the SARFAESI Act and the Insolvency
Analysis of the Jet Airways Insolvency Case and the Shortcomings of the IBC, 2016
The Jet Airways (India) Limited insolvency case has garnered significant attention as it highlights critical aspects of the Insolvency and Bankruptcy Code (IBC), 2016, and the challenges associated with corporate resolution processes in India. This
Insights on the Proposed Amendments to the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 and (Voluntary Liquidation Process) Regulations 2017
The Insolvency and Bankruptcy Board of India (IBBI) released a discussion paper on 19th November, 2024, seeking comments on proposed changes to the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 and (Voluntary
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