Insolvency And Bankruptcy Code

A recent NCLAT ruling in a case involving Bollywood actor Akshay Kumar and edtech firm Cue Learn shut the door on using bankruptcy threats as a pressure tactic in payment disputes. Here's what this means for celebrities and brands.

The IBC Amendment Bill aims to make the principle of a ‘clean slate' explicit: Past liabilities get extinguished once a resolution plan for an insolvent company is approved. But will law tweaks be enough? We need tax and other state authorities to honour the idea.

The Centre has approved all but one recommendation from a Parliamentary select committee regarding amendments to India's bankruptcy law, facilitating passage of the Insolvency and Bankruptcy Code (Amendments) Bill, 2025, for expediting resolutions and protecting new investors from past liabilities.

The government may announce plans to tweak SARFAESI and DRT rules in the upcoming budget to reduce litigation in debt recovery tribunals.

Well-contested markets deliver efficiency, innovation, consumer gains and faster GDP growth. While India envisions developed economy status by 2047, a key enabler is missing. For a big-bang reform, the government should dust off its 2011 draft competition policy and relieve markets of distortions.

This year's National Consumer Day focuses on grievance redressal, but neither consumer commissions nor real estate regulators have helped homebuyers left staring at stalled projects. Insolvency seems like their last resort, but the nitty-gritty of resolution needs to be spelt out clearly.

The IBC amendments are set to transform corporate insolvency processes, promising faster resolutions and improved recoveries. The Lok Sabha committee insists that real estate project issues should be addressed by Rera, maintaining the integrity of IBC's management displacement principle.