NCLT Approves Subhash Chandra’s INR 6.5 Crore Repayment Plan Against INR 22,006 Crore Claims: Understanding the Legal Rationale Under IBC The recent approval by the National Company Law Tribunal (NCLT) of a repayment plan proposed by Essel Group Chairman and Zee founder Subhash Chandra has sparked widespread debate across the insolvency and banking sectors. The …
Amendments to the IBBI (Liquidation Process) Regulations Proposed amendments to the IBBI (Liquidation Process) Regulations pursuant to the Insolvency and Bankruptcy Code (Amendment) Act, 2025. The objective is to make liquidation faster, more efficient, and creditor-driven. Detailed Explanation of Key Changes of IBBI (Liquidation Process) Regulations Liquidation to be Completed within 180 Days Existing Position: …
MCA Invites Suggestions on Integrated Platform for Insolvency Ecosystem (iPIE) The Ministry of Corporate Affairs is developing the Integrated Platform for Insolvency Ecosystem (iPIE), a unified digital platform to integrate all stakeholders, processes, and technology systems operating under the Insolvency and Bankruptcy Code, 2016 (IBC). The objective is to create a seamless, secure, transparent, and …
ED Search Operation on cheating & non-completion of real estate projects Enforcement Directorate Search operation in six locations in Delhi and Gurugram on cheating & non-completion of real estate projects. Search operations conducted by ED. Such a search was conducted with the objective of investigating undervaluation of land through misuse of the IBC process on …
Key Provisions under the SARFAESI Act, 2002 Introduction SARFAESI gives banks/ARCs the power to enforce security interest and recover dues without court intervention, with appeals going to DRT/DRAT and oversight by RBI. The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) is a landmark statute designed to strengthen …
IBBI Directs Insolvency Professionals to Seek Restitution of ED-Attached Assets under PMLA Insolvency and Bankruptcy Board of India Issued Direction on 4th November 2025 Applies to all Insolvency Professionals, IP Entities, & IP Agencies. Deals with cases where corporate debtor’s assets are attached by the Enforcement Directorate (ED) under Prevention of Money Laundering Act, 2002 …
Distinction in Treatment of Financial Creditors vs. Operational Creditors The Insolvency and Bankruptcy Code, 2016 consolidated India’s insolvency laws to ensure time-bound resolution of corporate insolvency. Unlike the Companies Act, 2013, which used the broad term “creditors,” the IBC distinguishes between financial creditors and operational creditors. This distinction is not merely semantic — it affects …
IBBI Discussion Paper – Measures to Enhance Integrity of the CIRP This is to apprise you that the Insolvency and Bankruptcy Board of India (IBBI), in exercise of its powers under sections 196, 207, 208, and 240 of the Insolvency and Bankruptcy Code, 2016, has issued the following Discussion Paper. Strengthen transparency, accountability, & efficiency …
New IBBI Forms LIQ 1–4 Introduced to Streamline Liquidation Reporting In the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, if No resolution plan is received, or The maximum time period expires, and the Adjudicating Authority (AA) may order liquidation of the Corporate Debtor. To strengthen oversight and improve compliance, the Insolvency and Bankruptcy …
RP required to Disclosure of Information Relating to Carry Forward of Losses in Information Memorandum IPs shall include a dedicated section in the Information Memorandum, explicitly detailing the carryforward of losses under the Income Tax Act, 1961. IBBI had earlier amended Regulation 36 of the IBC (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (“CIRP …