Can a third party take back goods from a company in CIRP? NCLT dismisses Ancile’s Claim to pharmaceutical goods
NCLT Mumbai found the Istisna and Wakala arrangement financial, and the claimed goods could not be found.
insolvency and bankruptcy code
IBC appeal limitation: Supreme Court says time runs from NCLAT pronouncement, not collection of certified copy
The Court examined the statutory time-limit for appeals, exclusion of time spent obtaining a certified copy, and the effect of delay in applying for the copy.
CIRP and subsequent jurisdictional proceedings constitute sufficient cause: Bombay HC extends SAP India’s Arbitral Tribunal mandate by one year
The High Court held that the delay in completion of the arbitral proceedings could not be attributed to any deliberate, wilful or negligent default on the part of the petitioner or the tribunal and that sufficient cause had been made out for extension of the mandate under Section 29-A (5), Arbitration Act.
From Insolvency, Arbitration and Insider Trading to Key Regulatory Reforms: Commercial Laws Roundup August 2026
A comprehensive roundup of the key commercial law developments in August 2026, featuring landmark judgments from the Supreme Court, High Courts, NCLAT and Foreign Courts, along with Regulatory Updates, Law Firm News, Expert Corner and Interviews.
No Endless Refiling: NCLT Streamlines Scrutiny, Registration and First Listing
The National Company Law Tribunal has introduced uniform Registry and case-listing practices, preparation of daily cause lists, prescribing timelines for first listing and a “With Defects” mechanism for matters requiring judicial determination
SARFAESI Act | Writ remedy not maintainable where efficacious DRT remedy available against sale of mortgaged property: Bombay HC
The High Court held that in view of the alternative, efficacious statutory remedy under the SARFAESI Act, the writ petition was not maintainable and the question of law raised under the IBC was nothing but another desperate attempt to avoid steps being taken by the secured creditor under the SARFAESI Act.
Can High Court entertain Writ Petition against NCLT Order when IBC provides Appeal? Supreme Court answers
The Supreme Court examined whether a writ petition challenging an NCLT order passed under the Insolvency and Bankruptcy Code, 2016 could be entertained when the Code provides a statutory right of appeal under Section 61, in the context of the judicial discipline governing exercise of writ jurisdiction.
From Cheque Dishonour to Cross-Border Enforcement: Corporate, Commercial, and Regulatory Roundup July 2026
A comprehensive roundup of the key commercial law developments in July 2026, featuring landmark judgments from the Supreme Court, High Courts, NCLAT and international courts, along with Regulatory Updates, Law Firm News, Expert Corner, Interviews, and Appointments & Transfers.
RGNUL to Host 2nd International Conference on “Navigating the Future of Insolvency: IBC in the Age of Technology, Globalization and Sustainable Finance”
The Insolvency and Bankruptcy Law Division (IBLD), operating under the Centre for Business Laws and Taxation (CBLT) at Rajiv Gandhi National University of Law (RGNUL), Patiala, Punjab, is hosting the 2nd International Conference on “Navigating the Future of Insolvency: IBC in the Age of Technology, Globalization and Sustainable Finance” on 9—10 October 2026.
Electricity supply is fundamental to revival of business operations: Calcutta HC applies Clean Slate principle; rejects late payment surcharge demand
A paper mill’s new owner took over under an approved resolution plan, but the electricity board still wanted over ₹2.5 crore in old dues and surcharges before switching the power back on. The Calcutta High Court said the clean slate principle doesn’t have exceptions for electricity bills.
2026 SCC Vol. 5 Part 5: Key Supreme Court Cases on Arbitration, Constitution and IBC
Explore the latest Supreme Court Cases in 2026 SCC Vol. 5 Part 5 on international commercial arbitration, Panchayat elections, corporate debtor, and more.
A decade of the IBC, 239 insolvency professionals, and a blueprint for the next ten years: IICA national conference charts India’s restructuring future
Commemorating a decade of the Insolvency and Bankruptcy Code, the Indian Institute of Corporate Affairs hosted a national conference on India’s restructuring ecosystem alongside the PGIP 6th Batch Convocation. The event featured discussions on cross-border insolvency, distressed assets, early-stage resolution, and the future of India’s insolvency framework.
Forensic Audit of Project Accounts Permissible During CIRP; Rajasthan RERA Holds Section 14 IBC No Bar to Regulatory Inquiry
With expenditure claimed at 75—77% of project cost against actual physical progress of only 48.13%, the Authority ordered a limited forensic audit of the Avalon Royal Park project, distinguishing the RERA audit from IBC insolvency audit provisions and holding that the two frameworks can operate harmoniously without conflict.
“Irreversible Stage” Test and Transfer of Winding-Up Proceedings to NCLT Under S. 434 Companies Act Revisited: Supreme Court Issues Notice
The Calcutta High Court had held that, since no irreversible or irretrievable stage had been reached and the appellant’s unpaid claim could still be pursued before the NCLT, interference with Company Court’s order was unwarranted.
2026 SCC Vol. 4 Part 2: Key Supreme Court Cases on Arbitration, Government Contracts, & IBC
Explore the latest Supreme Court Cases in 2026 SCC Vol. 4 Part 2 on demurrer, speculative purchasers, public auction, and more.
IBC Cannot Be Invoked as a Coercive Recovery Tool in Individual Contractual Property Dispute Pending before DRT: Supreme Court
“The present case does not involve a straightforward financial debt-fault scenario warranting initiation of CIRP. The facts disclose a dispute which is predominantly contractual in nature and is subject matter of the proceedings before the DRT-the appropriate forum for recovery.”
NCLT Targets Case Backlog with Single-Judge Benches—What Changes Now
The National Company Law Tribunal has issued an order streamlining proceedings by empowering Single Judicial Member Benches to hear defined classes of matters across all benches.
From Withdrawal to Creditor Control: Key Shifts under the IBC Amendment Act, 2026
Insolvency and Bankruptcy Code (Amendment) Act, 2026 amends the IBC to ensure faster resolution, greater creditor oversight, improved accountability, and modernised insolvency and liquidation processes.
