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    July 1, 2024   Case Laws Insolvency and Bankruptcy
    Tribunal ruled against personal insolvency for guarantor due to forum shopping. Clean hands required.
    June 25, 2024   Case Laws Insolvency and Bankruptcy
    The request to extend the Pre-packaged Insolvency Resolution Process for Kethos Tiles Private Limited was denied. Resolution plan not approved within ...
    June 22, 2024   Case Laws Insolvency and Bankruptcy
    Arbitration proceedings paused due to moratorium not perverse. Debt held as whole. No splitting arbitration. No jurisdiction under Article 226. Dismis...
    June 22, 2024   Case Laws Insolvency and Bankruptcy
    NCLAT affirms liquidation order finality for ex-director/shareholder challenging auction sale. Not grounds to re-open proceedings. Appeal dismissed.
    June 22, 2024   Case Laws Insolvency and Bankruptcy
    Operational Creditor's claim rejected due to lack of proof of debt within limitation period. Initiation of CIRP denied.
    June 18, 2024   Case Laws Insolvency and Bankruptcy
    Court rules in favor of bidder seeking refund from auction sale in bankruptcy proceedings. Bid amount to be released promptly.
    June 15, 2024   Case Laws Insolvency and Bankruptcy
    NCLAT approved Resolution Plan giving flats to Homebuyers without price hike. Dissenting Creditors' appeal dismissed.
    June 14, 2024   Case Laws Insolvency and Bankruptcy
    NCLAT ruled on delay in filing appeal. No free copy of order obtained. Law of limitation applies. Appeal dismissed.
    June 10, 2024   Case Laws Insolvency and Bankruptcy
    NCLAT Rules on Suraksha Realty's Resolution Plan: YEIDA's Claim Partially Secured, Rs.1689 Crore Payment Directed.
    June 8, 2024   Case Laws Insolvency and Bankruptcy
    Writ Petition on Electricity Dues Deemed Maintainable Despite Alternative Remedy, Court Allows Resolution Plan Execution.
    June 5, 2024   Case Laws Insolvency and Bankruptcy
    Private sale timeline refusal upheld by NCLAT. Indian Contract Act inapplicable. Doctrine of approbation and reprobation applied. Appeal dismissed.
    June 5, 2024   Case Laws Insolvency and Bankruptcy
    Plea for RP replacement denied as no authorization for lawyer to meet PG. New RP appointed. Debtor to prepare repayment plan.
    June 4, 2024   Case Laws Insolvency and Bankruptcy
    Approval u/s 35(5) for Liquidator is mandatory. Post facto approval makes proceedings competent. No need to notify party before approval.
    June 4, 2024   Case Laws Insolvency and Bankruptcy
    Tribunal Clarifies Section 7 Application Thresholds for Real Estate Projects; Counts Allottees, Not Creditors.
    June 4, 2024   Case Laws Insolvency and Bankruptcy
    Restoration of dismissed petition for non-prosecution allowed. Applicant showed sufficient cause. Forum shopping involved.
    June 3, 2024   Case Laws Insolvency and Bankruptcy
    Applicability of U.S. Bankruptcy Court moratorium in India. High Court upholds principles of Comity of Nations.
    June 3, 2024   Case Laws Insolvency and Bankruptcy
    Tribunal Confirms Insolvency Process Due to Debt Default and OTS Non-Compliance; Financial Creditor's Actions Lawful.
    June 3, 2024   Case Laws Insolvency and Bankruptcy
    Resolution Professional's Plan Rejection Overturned; Tribunal Highlights Need for Procedural Fairness and Compliance.
    June 3, 2024   Case Laws Insolvency and Bankruptcy
    Tribunal Upholds INR 10 Crore Forfeiture by Creditors Due to Invalid Guarantees in Resolution Plan Dispute.
    June 1, 2024   Case Laws Insolvency and Bankruptcy
    Court Modifies Suspension to 20 Months; Upholds Charge on Support Service Violation in Insolvency Case.
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Highlights
All › IBC - Insolvency and Bankruptcy › IBC - Insolvency and Bankruptcy - 2024
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July 1, 2024   Case Laws Insolvency and Bankruptcy
Tribunal ruled against personal insolvency for guarantor due to forum shopping. Clean hands required.
June 25, 2024   Case Laws Insolvency and Bankruptcy
The request to extend the Pre-packaged Insolvency Resolution Process for Kethos Tiles Private Limited was denied. Resolution plan not approved within 120 days
June 22, 2024   Case Laws Insolvency and Bankruptcy
Arbitration proceedings paused due to moratorium not perverse. Debt held as whole. No splitting arbitration. No jurisdiction under Article 226. Dismissed.
June 22, 2024   Case Laws Insolvency and Bankruptcy
NCLAT affirms liquidation order finality for ex-director/shareholder challenging auction sale. Not grounds to re-open proceedings. Appeal dismissed.
June 22, 2024   Case Laws Insolvency and Bankruptcy
Operational Creditor's claim rejected due to lack of proof of debt within limitation period. Initiation of CIRP denied.
June 18, 2024   Case Laws Insolvency and Bankruptcy
Court rules in favor of bidder seeking refund from auction sale in bankruptcy proceedings. Bid amount to be released promptly.
June 15, 2024   Case Laws Insolvency and Bankruptcy
NCLAT approved Resolution Plan giving flats to Homebuyers without price hike. Dissenting Creditors' appeal dismissed.
June 14, 2024   Case Laws Insolvency and Bankruptcy
NCLAT ruled on delay in filing appeal. No free copy of order obtained. Law of limitation applies. Appeal dismissed.
June 10, 2024   Case Laws Insolvency and Bankruptcy
NCLAT Rules on Suraksha Realty's Resolution Plan: YEIDA's Claim Partially Secured, Rs.1689 Crore Payment Directed.
June 8, 2024   Case Laws Insolvency and Bankruptcy
Writ Petition on Electricity Dues Deemed Maintainable Despite Alternative Remedy, Court Allows Resolution Plan Execution.
June 5, 2024   Case Laws Insolvency and Bankruptcy
Private sale timeline refusal upheld by NCLAT. Indian Contract Act inapplicable. Doctrine of approbation and reprobation applied. Appeal dismissed.
June 5, 2024   Case Laws Insolvency and Bankruptcy
Plea for RP replacement denied as no authorization for lawyer to meet PG. New RP appointed. Debtor to prepare repayment plan.
June 4, 2024   Case Laws Insolvency and Bankruptcy
Approval u/s 35(5) for Liquidator is mandatory. Post facto approval makes proceedings competent. No need to notify party before approval.
June 4, 2024   Case Laws Insolvency and Bankruptcy
Tribunal Clarifies Section 7 Application Thresholds for Real Estate Projects; Counts Allottees, Not Creditors.
June 4, 2024   Case Laws Insolvency and Bankruptcy
Restoration of dismissed petition for non-prosecution allowed. Applicant showed sufficient cause. Forum shopping involved.
June 3, 2024   Case Laws Insolvency and Bankruptcy
Applicability of U.S. Bankruptcy Court moratorium in India. High Court upholds principles of Comity of Nations.
June 3, 2024   Case Laws Insolvency and Bankruptcy
Tribunal Confirms Insolvency Process Due to Debt Default and OTS Non-Compliance; Financial Creditor's Actions Lawful.
June 3, 2024   Case Laws Insolvency and Bankruptcy
Resolution Professional's Plan Rejection Overturned; Tribunal Highlights Need for Procedural Fairness and Compliance.
June 3, 2024   Case Laws Insolvency and Bankruptcy
Tribunal Upholds INR 10 Crore Forfeiture by Creditors Due to Invalid Guarantees in Resolution Plan Dispute.
June 1, 2024   Case Laws Insolvency and Bankruptcy
Court Modifies Suspension to 20 Months; Upholds Charge on Support Service Violation in Insolvency Case.

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