Tag: InsolvencyLaw
CoC’s Unfettered Authority vs. RP’s Regulation 39(1A) Limitation
On 28 March 2025, the National Company Law Appellate Tribunal (NCLAT) delivered a significant judgment in the case of Sagar Stone Industries vs. Sajjan Kumar Dokania & Ors., dismissing two appeals filed by an unsuccessful
NCLAT’s Decision in Phoenix ARC Case: Implications for Secured Creditors’ Security Interest in Liquidation
On 20 March 2025, the National Company Law Appellate Tribunal (NCLAT) delivered a judgment in the case of Phoenix ARC Private Limited vs. Kuldeep Verma, affirming the decision of the National Company Law Tribunal (NCLT)
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
Understanding the IBBI (Voluntary Liquidation) Regulations, 2017: A Simplified Overview
Voluntary liquidation is an important mechanism that allows solvent corporate entities to wind up operations in an orderly, transparent, and efficient manner. The IBBI (Voluntary Liquidation) Regulations, 2017 (Regulations) , provide a structured framework to
Understanding the Legal Provisions Governing Pre-Packaged Insolvency Resolution Process (PPIRP)
The Pre-Packaged Insolvency Resolution Process (PPIRP) under the Insolvency and Bankruptcy Code (IBC), 2016, provides a streamlined framework for resolving insolvency, particularly for Micro, Small, and Medium Enterprises (MSMEs). This article explains the key sections
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