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    September 12, 2020   Case Laws Insolvency and Bankruptcy
    Financial creditors can't challenge CoC-approved resolution plans during CIRP before Adjudicating Authority approval u/s 30(2) of IBC.
    September 11, 2020   Case Laws Insolvency and Bankruptcy
    Resolution Plan Approved Without Initial CCI Nod; Authority Cites Precedent in Insolvency and Bankruptcy Cases.
    September 10, 2020   Case Laws Insolvency and Bankruptcy
    Liquidator Can Sell Corporate Debtor's Assets Under Insolvency Code; Must Distribute Proceeds per Section 53 Priorities.
    September 10, 2020   Case Laws Insolvency and Bankruptcy
    Personal Guarantor's Insolvency Can Proceed Without Waiting for Corporate Debtor's Resolution Under Current Law.
    September 9, 2020   Case Laws Insolvency and Bankruptcy
    Corporate Debtor moves to liquidation; Promoter may propose revival under Companies Act Section 230 if eligible.
    September 7, 2020   Case Laws Insolvency and Bankruptcy
    Tribunal Halts Insolvency Case Due to Suspension u/s 10A of Insolvency and Bankruptcy Code for April 2020 Default.
    September 5, 2020   Case Laws Insolvency and Bankruptcy
    Supreme Court Overrules NCLAT, Restores NCLT Order on Resolution Plans; Stresses Correct Procedures in Insolvency Cases.
    September 4, 2020   Case Laws Insolvency and Bankruptcy
    Debt Converted to Capital Loses Financial Creditor Status in Insolvency Cases: Key Impact on Creditor Rights.
    September 2, 2020   Case Laws Insolvency and Bankruptcy
    Corporate Debtor's Share Pledge for WLD & BRASSCO Loans; Appellants Not Financial Creditors Per Insolvency Law.
    September 2, 2020   Case Laws Insolvency and Bankruptcy
    Successful Insolvency Resolution Requires All Claims to Be Settled Before Plan Approval to Prevent Surprises for Applicants.
    September 1, 2020   Case Laws Insolvency and Bankruptcy
    CIRP Initiation: Section 22 Limitation Act Inapplicable for Section 7 I&B Code Claims; Count from Default or NPA Date.
    August 31, 2020   Case Laws Insolvency and Bankruptcy
    Advance Payment for Goods Not Operational Debt Per Section 5(20) of Insolvency and Bankruptcy Code.
    August 29, 2020   Case Laws Insolvency and Bankruptcy
    Shares Issued to Third Party at Payee's Request Not Considered Debt; Transferable and Eligible for Dividends.
    August 29, 2020   Case Laws Insolvency and Bankruptcy
    CIRP Not Applicable: Joint Development Agreement Lacks 'Financial Debt' for Section 7 Application Under Insolvency Code.
    August 26, 2020   Case Laws Insolvency and Bankruptcy
    Debt Acknowledgment Valid Without Specific Amount in CIRP and NPA Contexts; Claim Verification Request Suffices.
    August 25, 2020   Case Laws Insolvency and Bankruptcy
    Interest on Delayed Payments Not Considered "Operational Debt" in CIRP Due to Pre-Existing Dispute.
    August 25, 2020   Case Laws Insolvency and Bankruptcy
    Force majeure event impacts project completion, CIRP initiated. RERA relief sought, Section 7 application filed for refund, later rejected.
    August 25, 2020   Case Laws Insolvency and Bankruptcy
    Corporate Applicant's Fraudulent Intent in Insolvency Filing u/s 10; No Penal Order Issued Yet u/s 65.
    August 24, 2020   Case Laws Insolvency and Bankruptcy
    Parties can withdraw CIRP applications before CoC formation using amended Regulation 30A or Rule 11 of NCLT Rules 2016.
    August 24, 2020   Case Laws Insolvency and Bankruptcy
    Authority Can't Decide Counterclaim When Admitting CIRP Application u/s 7 of IBC; Proper Admission Confirmed.
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Highlights
All › IBC - Insolvency and Bankruptcy › IBC - Insolvency and Bankruptcy - 2020
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September 12, 2020   Case Laws Insolvency and Bankruptcy
Financial creditors can't challenge CoC-approved resolution plans during CIRP before Adjudicating Authority approval u/s 30(2) of IBC.
September 11, 2020   Case Laws Insolvency and Bankruptcy
Resolution Plan Approved Without Initial CCI Nod; Authority Cites Precedent in Insolvency and Bankruptcy Cases.
September 10, 2020   Case Laws Insolvency and Bankruptcy
Liquidator Can Sell Corporate Debtor's Assets Under Insolvency Code; Must Distribute Proceeds per Section 53 Priorities.
September 10, 2020   Case Laws Insolvency and Bankruptcy
Personal Guarantor's Insolvency Can Proceed Without Waiting for Corporate Debtor's Resolution Under Current Law.
September 9, 2020   Case Laws Insolvency and Bankruptcy
Corporate Debtor moves to liquidation; Promoter may propose revival under Companies Act Section 230 if eligible.
September 7, 2020   Case Laws Insolvency and Bankruptcy
Tribunal Halts Insolvency Case Due to Suspension u/s 10A of Insolvency and Bankruptcy Code for April 2020 Default.
September 5, 2020   Case Laws Insolvency and Bankruptcy
Supreme Court Overrules NCLAT, Restores NCLT Order on Resolution Plans; Stresses Correct Procedures in Insolvency Cases.
September 4, 2020   Case Laws Insolvency and Bankruptcy
Debt Converted to Capital Loses Financial Creditor Status in Insolvency Cases: Key Impact on Creditor Rights.
September 2, 2020   Case Laws Insolvency and Bankruptcy
Corporate Debtor's Share Pledge for WLD & BRASSCO Loans; Appellants Not Financial Creditors Per Insolvency Law.
September 2, 2020   Case Laws Insolvency and Bankruptcy
Successful Insolvency Resolution Requires All Claims to Be Settled Before Plan Approval to Prevent Surprises for Applicants.
September 1, 2020   Case Laws Insolvency and Bankruptcy
CIRP Initiation: Section 22 Limitation Act Inapplicable for Section 7 I&B Code Claims; Count from Default or NPA Date.
August 31, 2020   Case Laws Insolvency and Bankruptcy
Advance Payment for Goods Not Operational Debt Per Section 5(20) of Insolvency and Bankruptcy Code.
August 29, 2020   Case Laws Insolvency and Bankruptcy
Shares Issued to Third Party at Payee's Request Not Considered Debt; Transferable and Eligible for Dividends.
August 29, 2020   Case Laws Insolvency and Bankruptcy
CIRP Not Applicable: Joint Development Agreement Lacks 'Financial Debt' for Section 7 Application Under Insolvency Code.
August 26, 2020   Case Laws Insolvency and Bankruptcy
Debt Acknowledgment Valid Without Specific Amount in CIRP and NPA Contexts; Claim Verification Request Suffices.
August 25, 2020   Case Laws Insolvency and Bankruptcy
Interest on Delayed Payments Not Considered "Operational Debt" in CIRP Due to Pre-Existing Dispute.
August 25, 2020   Case Laws Insolvency and Bankruptcy
Force majeure event impacts project completion, CIRP initiated. RERA relief sought, Section 7 application filed for refund, later rejected.
August 25, 2020   Case Laws Insolvency and Bankruptcy
Corporate Applicant's Fraudulent Intent in Insolvency Filing u/s 10; No Penal Order Issued Yet u/s 65.
August 24, 2020   Case Laws Insolvency and Bankruptcy
Parties can withdraw CIRP applications before CoC formation using amended Regulation 30A or Rule 11 of NCLT Rules 2016.
August 24, 2020   Case Laws Insolvency and Bankruptcy
Authority Can't Decide Counterclaim When Admitting CIRP Application u/s 7 of IBC; Proper Admission Confirmed.

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