Tag: Bankruptcy

Jet Airways Insolvency Case and the Shortcomings of the IBC, 2016

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

SC Dismisses Appeals by Noida Special Economic Zone Authority Upholds Insolvency and Bankruptcy Code, 2016 Primacy Over the Special Economic Zone Act, 2005

SC Dismisses Appeals by Noida Special Economic Zone Authority: Upholds Insolvency and Bankruptcy Code, 2016 Primacy Over the Special Economic Zone Act, 2005

In a landmark decision, the Supreme Court of India in Noida Special Economic Zone Authority (NSEZA) v. Manish Agarwal & Ors. upheld the approval of a resolution plan under the Insolvency and Bankruptcy Code (IBC),

Our Senior Partner Shiju PV quoted in The Hindu businessline

In a recent article published by businessline titled “Budget 2024: Introduces integrated tech platform for IBC ecosystem”, Our Senior Partner Shiju Pv shares his expert insights. Shiju Opined “Efficient and innovative use of technology is

Margin Money is not included as Security Interest under the IBC and is not an asset of the Corporate Debtor: NCLAT Principal Bench

The Hon’ble Division Bench, National Company Law Appellate Tribunal, (NCLAT) Principal Bench-New Delhi, comprising of Justice Anant Bijay Singh, Member (Judicial) and Ms. Shreesha Merla, Member (Technical) in Punjab National Bank v. Supriyo Kumar Chaudhari and Ors.1

Limitation period for filing applications under I&B Code

The Hon’ble Supreme Court, in Tech Sharp Engineers Private Limited v. Sanghvi Movers Limited (Civil Appeal No. 296 of 2020), on September 19, 2022, held “a claim may not be barred by limitation, it is

NCLT

Disclosure of proceeding under Negotiable Instrument Act is immaterial while filing Insolvency Proceedings

The Kolkata bench of the National Company Law Tribunal (“NCLT”) held that while filing an application for insolvency under the Insolvency and Bankruptcy Code 2016 (the “Code”) it was not necessary to disclose the fact