Insolvency
IBC vests decisive authority on CoC’s commercial wisdom; Confines judicial review strictly under Ss. 30(2) & 61(3) IBC: Supreme Court
“Commercial wisdom of the CoC enjoys primacy and cannot be supplanted by judicial review. Neither the NCLT, nor the NCLAT nor even this Court is empowered to substitute its assessment in place of the commercial decision arrived at by a requisite majority of the CoC”.
“Two steps forward, one step sideways”: Justice Tejas Karia reflects on India’s steady path in arbitration reform at the 8th ICC India Conference
The International Chamber of Commerce held the 8th ICC India Conference on International Arbitration in New Delhi on 28-02-2026.
Climate, Economic Tribunals and Turnarounds take centre stage on Day 3 of the 4th ILA Conference
On Day 3 of the 4th Insolvency Law Academy Annual Conference, discussions centred on climate change and insolvency, institutional challenges facing economic law tribunals, the evolving turnaround framework, and contemporary insolvency scholarship.
From Group Insolvency to Modified Universalism: Experts provide insights on Day 2 of the 4th ILA Conference
Taking Day 2 of the 4th Insolvency Law Academy (“ILA”) Annual Conference further, the panellists and guests delved into topics such as cross-border insolvency, future of restructuring, group insolvency, hybrid insolvency, and much more.
Experts deliberate on entrepreneurship, risk and second chances at Day 2 of the 4th ILA Conference
Day 2 of the much-awaited 4th ILA Conference brought together eminent voices from India and abroad to examine insolvency law through the lens of entrepreneurship, risk-taking, and the importance of dignified second chances.
“Way forward is not radical reinvention but institutional course correction”: Justice N.V. Ramana speaks at Day 1 of the 4th ILA Conference
Day 1 of the much-awaited 4th ILA Conference featured erudite addresses and insights from leading insolvency experts and distinguished dignitaries on insolvency law and policy, global trends in restructuring, the changing geopolitical landscape, and cinema as a lens and mirror for the economy.
Register Now! Insolvency Law Academy is hosting 4th ILA Annual Conference from 24-26th January, 2026
The theme of the 2026 Conference is “Insolvency Law and Policy: Geopolitics and India’s Journey To 2047”.
SC issues notice in appeal challenging lay-offs during insolvency: Key questions raised on IBC-ID Act Conflict
The appeal challenges the NCLAT’s order upholding a purported lay-off by Resolution Professional, which the appellant claims was a disguised and unlawful retrenchment. The Court is set to examine whether IBC overrides ID Act provisions and whether such retrenchments can legally occur under the garb of lay-offs during insolvency proceedings.
Insolvency proceedings no shield for Directors in cheque dishonour cases under S. 138 NI Act: Orissa HC
“On the request of the petitioner, the complainant waited and represented the cheque through its banker, but once again it got dishonoured with the same remark – refer to drawer.”
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.
CAM successfully advises Union Bank of India in Bankruptcy Petition Against Kapil Wadhawan; NCLT Mumbai Admits Petition
Kapil Wadhawan had executed a joint deed of personal guarantee to secure the credit facilities extended to erstwhile Dewan Housing Finance Corporation Ltd., not exceeding INR. 50,656.84 Crores.
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.
Cyril Amarchand Mangaldas advises Nazara Technologies on Resolution Plan for Smaaash Entertainment
Cyril Amarchand Mangaldas has advised and represented Nazara Technologies Limited
‘Single Homebuyer can’t challenge CoC approved Resolution Plan’; NCLAT upholds CoC’s commercial wisdom
The Resolution Plan has been approved by 83.46% voting share of the CoC, therefore, at the instance of Appellant, approval of Resolution Plan cannot be allowed to be questioned.”
IBBI introduces Non-submissions of Repayment Plan strengthening Insolvency Resolution Process
Enhancing creditor strength through faster debt recovery.
From Geopolitics to Tech Mergers: IBA organised conference on ‘Mergers and Acquisitions in India: a key engine to the USD 30 trillion goal’
From 03 to 04-04-2025, the International Bar Association corporate and M&A Law Committee at Taj Mahal Palace, Mumbai.