Tag: CIRP

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

Wednesday December 11, 2024. BY Rahul Sundaram | Insolvency & Bankruptcy

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

Strengthening Insolvency Outcomes: IBBI’s New Framework for Resolution Plan Implementation

Thursday November 21, 2024. BY Rahul Sundaram | Civil

The Insolvency and Bankruptcy Board of India (IBBI) has introduced the much needed proposal to enhance transparency and efficiency in implementing resolution plans under the Insolvency and Bankruptcy Code (IBC), 2016. In its latest discussion

BYJU’S: SC Rules on Process of Settlement in Insolvency; Upholds Collective Interests of creditors

Monday November 11, 2024. BY Rahul Sundaram | Civil

In a significant judgment, the Supreme Court of India recently adjudicated on critical aspects of the Insolvency and Bankruptcy Code (IBC) in the case of GLAS Trust Company LLC vs. BYJU Raveendran & Ors. The

Determining if a cost incurred by a Resolution Professional during the Corporate Insolvency Resolution Process (CIRP) qualifies as a CIRP cost.

Whether A Cost Incurred By Resolution Professional During CIRP Qualifies as CIRP Cost?

Friday May 31, 2024. BY Malavika Sachin and Abdullah Qureshi | Insolvency & Bankruptcy

Introduction In a recent ruling dated 14.05.2024, in the case of Avil Menezes (Liquidator) v. Abdul Qudduskhan and Anr,[i] the Hon’ble NCLAT, New Delhi, clarified that the mere fact that dues have arisen during the

Arvind Dham v. State Bank of India case.

“NCLAT clarify when Interim moratorium commences against the Personal Guarantor, If Section 95 Application is not filed before proper jurisdictional NCLT” – An Analysis of the Mr Arvind Dham v. State Bank of India and Anr. Case.

Tuesday April 23, 2024. BY Narpat Singh and Pooja Parmeshwar | Insolvency & Bankruptcy

Introduction: The case of Mr Arvind Dham v. State Bank of India and Anr. revolves around the admission of Section 95(1) application filed by the State Bank of India against the appellant, Mr Arvind Dham,

The timelines as stipulated in the Code needs to be considered as of directory nature and not as mandatory in nature: NCLAT, New Delhi

Monday April 22, 2024. BY Malavika Sachin and Pooja Parmeshwar. | Bankruptcy Code – Public Announcements

Introduction: In the matter of Vikram Laxman Pawar v. Sripatham Venkatasubramaniam Ramkumar, [i] the Hon’ble National Company Law Appellate Tribunal (NCLAT) held that the timelines established under the Insolvency and Bankruptcy Code should be regarded

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