insolvency and bankruptcy code
Acknowledgment of Balance Sheet under Section 18 of Limitation Act to be counted from date of signing of Balance Sheet: NCLAT
“There is no mandatory requirement for factorising the date of uploading of the balance sheet on the MCA portal for computing the period of limitation.”
Withdrawal of CIRP — Oscillating between Value Maximisation and Plan Approval
by Sidharth Sethi*, Shreya Sircar** and Kunal Saini***
Force Majeure doesn’t absolve Corporate Debtor from contractual obligations; NCLT directs initiation of CIRP against Corporate Debtor
The NCLT acknowledged the impact of force majeure events, particularly the unprecedented rise in coal prices and operational disruptions caused by the COVID-19 pandemic on Corporate Debtor.
Financial Creditors’ involvement in project monitoring does not absolve Corporate Debtors from repayment obligations: NCLAT
“Any dispute even pending in the arbitration does not in any manner prohibit the financial creditor to take remedy under Section 7 IBC.”
Supreme Court’s Ruling in China Development Bank Creates Further Confusion on Third-Party Securities
by Prachi Johri* and Rishi Thakur**
2025 SCC Vol. 1 Part 3
Conversion rate of foreign currency for computation of awarded amount must be considered
Strengthening Our Insolvency Regime: The Answer Lies Within
by Arush Khanna* and Swetalana Rout**
11th NLIU – VKC Law Offices National Corporate Law Moot, 2025
National Law Institute University, Bhopal (NLIU), established in 1997, has consistently been accredited as one of the leading legal institutions of the country.
‘Supervisory & judicial review powers vested in HCs demands rigorous scrutiny & judicious application’; SC sets aside HC’s order interdicting CIRP proceedings under IBC
“The IBC is a complete code in itself, having sufficient checks and balances, remedial avenues and appeals. Adherence of protocols and procedures maintains legal discipline and preserves the balance between the need for order and the quest for justice.”
IBLD-CBLT Two Credit Course on Insolvency and Bankruptcy Law in India 1.0
Greetings from the Insolvency and Bankruptcy Law Division – Centre for Business Laws and Taxation [IBLD-CBLT]!
‘A One Time Settlement agreement cannot extend the date of default’; NCLAT dismisses Samrat Restaurant’s CIRP plea
The NCLAT held the appellant’s claim was inflated, and the Adjudicating Authority rightly recalculated the actual unpaid amount, which fell below the Rs 1 crore threshold.
EPF Dues and IBC: Navigating the Treatment of Interest and Damages in Liquidation
by Anupm Prakash* and Kirti Talreja**
Money advanced for clearing land title is an investment, not financial debt under Section 5(8) of the IBC: NCLAT
The NCLAT reinforced that not all financial transactions qualify as financial debts under the IBC.
2024 SCC Vol. 6 Part 4
Arbitration and Conciliation Act, 1996 — Ss. 34 and 37 — Interference with award by Court: Law regarding limited jurisdiction of Court
Inter-Corporate Loans and Deposits: Treatment of Such Debts in Case of Default
by Sidharth Sethi† and Shreya Sircar††
Call for Entries| 12th RMLNLU-Lakshmikumaran & Sridharan International Legal Essay Writing Competition and Conference on Insolvency Law [Submit by 13 September, 2024]
RMLNLU along with Lakshmikumaran & Sridharan is organising a Legal Essay Writing Competition and Conference on “Insolvency Law”. Entries for the same are invited from interested law students.
ILS Pune | Online Diploma in Corporate Laws, 2024
ILS Law College, Pune announces Online Autonomous Diploma in Corporate Laws Programme Coordinator: Smita Sabne (smita.sabne@ilslaw.in) Programme Overview: The Diploma in Corporate