Central Bank of India v. Mr. P.K. Iyer and Anr., (2024) ibclaw.in 605 NCLT
Duty under Section 99 of IBC is not a mere formality/procedural but a legal obligation to verify the due compliances – Central Bank of India Vs. Mr. P.K. Iyer and Anr. – NCLT Hyderabad Bench Read the full article HERE.
Mint Explainer: Why are India’s top conglomerates racing to take over bankrupt Jaiprakash Associates?
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Inherent power of the Tribunals: Can they recall their own orders?
– By By Adv. Amir Bavani, Adv. Rishika Kumar & Divya K, AB Legal The Insolvency and Bankruptcy Code, 2016 (‘Code’) has been designed to create a strong insolvency regime which saves businesses that are viable and facilitates the exit of those that are not, in a time-bound manner. The Code lays emphasis on an […]
Section 12A withdrawal prior to constitution of CoC: A smooth exit or legal quagmire
By Adv. Amir Bavani and Adv. Rishika Kumar, AB Legal Introduced by the legislature in 2016, Insolvency & Bankruptcy Code (‘IBC/Code’), since then have undergone some major changes which intends towards filling the lacunae in the framework as and when identified by the Hon’ble Apex Court of the country. In the recent times, one of […]
The right to challenge a Resolution Plan: Where do Unsuccessful Resolution Applicants stand?
By Adv. Amir Bavani, Adv. Rishika Kumar & Adv. Pragati Prajapati, AB Legal The Insolvency and Bankruptcy Code, 2016 (“IBC/Code”) has been framed to have a time-bound mechanism towards the revival of the corporate entities facing financial crunch. The IBC is meant to explore the possibility of the revival of the Corporate Debtor (“CD”), followed […]
NeSL in Insolvency Proceedings: Mandatory Requirement or Mere Evidentiary Aid?
By Adv. Amir Bavani, Adv. Rishika Kumar & Adv. Pavni Dada, AB Legal India’s Insolvency and Bankruptcy Code, 2016 (‘IBC/Code’) was enacted with the clear objective of providing a time-bound and transparent mechanism for resolving cases of corporate insolvency. The very foundation of the process lies in evidence, because a creditor cannot succeed in initiating […]
Filing of Section 7 application (even not admitted) against Principal Borrower constitutes pendency under Section 60(2) IBC, enabling CIRP against Guarantor before the same NCLT
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Supreme Court reserves judgement on JSW’s $2.3B Bhushan Steel bid: Key arguments explained
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Former Standard Chartered Research CEO moves for insolvency over unpaid dues, wrongful dismissal
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Indian Renewable Energy Development Agency Ltd. v. Saradambika Power Plant Pvt. Ltd., (2025)
If Successful Bidder has not remitted the dues towards interest on delayed payment, GST, stamp duties etc., Liquidator can forfeit the amount deposited | Successful Bidder cannot seek any reliefs, waivers and concessions after the sale in liquidation process – Indian Renewable Energy Development Agency Ltd. Vs. Saradambika Power Plant Pvt. Ltd. – NCLT Amaravati […]
