2025 SCC Vol. 8 Part 3
2025 SCC Vol. 8 Part 3: Explore the latest Supreme Court Cases on Income Tax, IBC, Criminal Law, NDPS, and Customs.
IBC
SAM & Co. advises Committee of Creditors of Hindusthan National Glass & Industries Ltd. on INR 2500 Crore Resolution
The transaction achieved a recovery of approximately INR 2500 Crores for creditors, including 74.89% for secured financial creditors.
Breakdown of Supreme Court verdict in Bhushan Power & Steel Insolvency case
“The Corporate Debtor in the present case was running into substantial losses which has now become a profit-making entity earning substantial profits. The SRA — JSW invested huge amounts in modernization and expansion of the entity. Not only that but thousands of employees have been earning their livelihood on account of the Corporate Debtor running as an on-going concern due to the Resolution Plan being implemented by the SRA — JSW.”
Limitation period of S.95 IBC applications against personal guarantor based on DRT recovery certificate is three years: NCLAT
The appellant relying on Tottempudi Salalith v. State Bank of India, (2024) 1 SCC 24, contended that the limitation for filing Section 95 IBC application in the present case must be treated as 12 years and hence the application filed was not barred by time.
2025 SCC Vol. 6 Part 4
2025 SCC Vol. 6 Part 4: Explore the latest Supreme Court Cases on Constitution, Contract and Specific Relief, Arbitration, Enemy Property, IBC, Education Law, and Criminal Law.
Insolvency and Bankruptcy Code (Amendment) Bill, 2025 proposes group and cross- border insolvency
Proposed amendment aims to improve its operation, enhance its effectiveness, clarify its original intent and incorporate novel concepts.
MSME Quarterly Digest: April-June 2025
by Abhisaar Bairagi*, Milind Sharma** and Ausaf Ayyub***
Creditor’s name not essential in balance sheet for acknowledgment of debt to extend limitation period; Supreme sets aside NCLAT Order; Allows IFIN’s plea
The judgment reaffirmed the principle that entries in a corporate debtor’s balance sheet can constitute an acknowledgment of liability under Section 18 of the Limitation Act, provided they indicate a subsisting jural relationship between the parties, even if the financial creditor is not named explicitly. The Court emphasised that such entries must be interpreted liberally and in context, considering the overall tenor of the balance sheet and the surrounding circumstances.
CAM advises and represents CoC of Vidarbha Industries Power during CIRP under IBC
The CIRP was initiated against the Corporate Debtor vide order dated September 30, 2024, passed by the Hon’ble National Company Law Tribunal, Mumbai Bench.
Call for Registration: RGNUL’s IBLD-CBLT Seven-Day Online Certificate Course on Insolvency and Bankruptcy
The Insolvency and Bankruptcy Law Division of Centre for Business Laws & Taxation (IBLD-CBLT), RGNUL is organizing a Seven-Day Online Certificate Course on Insolvency and Bankruptcy, scheduled to be held from 18th to 24th August 2025.
33 Takeaways — Unmissable Insights from Sumant Batra’s New Book on Corporate Insolvency
The book release of “Corporate Insolvency: The Road to Viksit Bharat — Law, Policy and Practice”, authored by leading insolvency lawyer and author Sumant Batra and published by EBC (Eastern Book Company) took place recently in the second week of July in New Delhi.
CAM advises JSW Energy on financing India’s largest thermal power acquisition under IBC
Cyril Amarchand Mangaldas acted as legal counsel to JSW Energy Limited (as successful bidder) for availing credit facility of INR 12,475 Crore from State Bank of India for implementation of resolution plan.
Call for Articles: MNLU, Mumbai’s Centre for Training and Research in Commercial Regulations, invites registrations for its 1st National Article Writing Competition and Workshop on Insolvency and Bankruptcy Code (IBC) | Last date for registration: 20th July 2025
The National Article Writing Competition and Workshop on IBC, 2025 designed to cultivate deep academic inquiry and practical understanding of India’s insolvency regime is to be held in August 2025.
2025 SCC Vol. 5 Part 3
2025 SCC Vol. 5 Part 3: Explore the latest Supreme Court Cases on the Arbitration, IBC, CPC, Contract, Criminal Law, Education Law, Labour Law and Land Acquisition.
‘Resolution plans comply with IBC and CIRP Regulations’; NCLT approves Adani Properties acquisition of two HDIL assets
Reiterating that the commercial wisdom of the CoC is to be given paramount importance for approval/rejection of the Resolution Plan, the NCLT held that the Resolution Plans in the present case met the requirements of the IBC and the IBBI Regulations, and thus, had to be approved.
Cyril Amarchand Mangaldas advises Nazara Technologies on Resolution Plan for Smaaash Entertainment
Cyril Amarchand Mangaldas has advised and represented Nazara Technologies Limited
A Significant Legal Conundrum in Section 7 under the Insolvency and Bankruptcy Code, 2016
by Mridul Chitransh* and Milan Asati**
2025 SCC Vol. 5 Part 2
2025 SCC Vol. 5 Part 2: Explore the latest Supreme Court Cases on the Employees’ Compensation Act, IBC and the Transfer of Property Act.