Tag: CorporateInsolvency

Finality in Insolvency Resolution: Supreme Court’s Stance on Belated Claims in CIRP Cases
Background of the Case The Supreme Court of India recently delivered a significant judgment in the case of Vaibhav Goel & Anr. versus Deputy Commissioner of Income Tax & Anr. (Civil Appeal No. 49 of

IBBI Enhances Disclosure Requirements for Carry forward losses in Corporate Insolvency Resolution Process
The Insolvency and Bankruptcy Board of India (IBBI) has issued a new circular dated 17th March 2025, aimed at improving transparency in the Corporate Insolvency Resolution Process (CIRP). The directive mandates Insolvency Professionals (IPs) to

Section 138 NI Act and IBC Moratorium: Supreme Court Defines the Boundaries
The Supreme Court of India recently delivered a significant judgment in the case of Vishnoo Mittal versus M/S Shakti Trading Company, addressing the interplay between insolvency proceedings and criminal prosecutions under the Negotiable Instruments Act.

Buyer Beware: Court Holds New Management Liable for Unpaid Gratuity in Insolvency Cases
The High Court of Calcutta recently delivered a significant judgment in the case of M/s. Stesalit Limited vs. Union of India & Ors., addressing disputes over gratuity payments under the Payment of Gratuity Act, 1972,

IBBI Issues New Guidelines for Insolvency Professionals to Update Appointments on Its Portal
The Insolvency and Bankruptcy Board of India (IBBI) has introduced a new circular that formalizes the process for insolvency professionals (IPs) to update their appointments on the IBBI portal. This move aims to improve record-keeping,

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
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