Insolvency and Bankruptcy Code

Supreme Court dismissed the plea challenging the judgment of the Tripura High Court, which in turn had dismissed a public interest litigation filed by Shubhankar Bhowmik. 

The Supreme Court said that an insolvency case against the company does not discharge the liability of guarantors.

The Supreme Court has upheld the Constitutional validity of Sections 3, 4, and 10 of the Insolvency and Bankruptcy Code (Amendment) Act 2020

The Delhi High Court on Monday issued notice in a petition challenging Section 10A of the Insolvency and Bankruptcy Code 2016.

Supreme Court stays Uttarakhand High Court direction to register FIR against Chief Minister Trivender Rawat. It makes important observations for NDPS probe.In Insolvency and Bankruptcy Code, Supreme court says the cases of insolvency of personal guarantors will be transferred to one place. Bombay High Court sets aside order seizing properties of former Goa Chief Ministers Digambar Kamat and Churchill Alemao.

A plea has been filed in the Supreme Court challenging section 3 of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 and Section 7 of the IBC and to set out new conditions for real estate allottees to approach the NCLT as being in violation of Article 14 and 21 of the Constitution.

The Delhi High Court has issued a notice in a petition filed by Bhushan Power and Steel’s former chief, Sanjay Singhal, challenging the State Bank of India’s decision to invoke Singhal’s bank guarantee for not paying the company’s dues.

The Insolvency and Bankruptcy regime of India has evolved steadily since its beginning in 2016, benefitting from the jurisprudential osmosis. This article attempts to study the providence of the workmen of an insolvent employer within the scheme of Code.

The Delhi High Court today stayed the IBC process launched by SBI seeking enforcement of Rs 1,200 crore personal guarantee of Anil Ambani.

The Supreme Court today expressed its concern regarding payment of AGR dues by telecommunication companies, observing that the AGR dues might be wiped out in the IBC process.