Insolvency And Bankruptcy Code
Centre appoints Justice Yogesh Khanna as acting NCLAT chairperson for three months
Justice (Retd.) Yogesh Khanna will serve as officiating chairperson from 5 July until a regular appointment is made or for three months, following the end of Justice Ashok Bhushan's tenure.
1 min read9 Jul 2026From courtrooms to contracts: How state land authorities lost their bankruptcy leverage
A state body can no longer claim to have a security interest and demand priority merely because a state law says so, the IBC amendment says, offering potential relief for banks and homebuyers
3 min read1 Jul 2026Personal guarantors find fewer escape routes under corporate insolvency
Recent rulings indicate that personal guarantors of corporate loans face increased liability risks when companies default. Legal changes stress that these guarantees remain enforceable despite corporate insolvency, emphasizing the importance of personal guarantees for creditor recovery efforts.
3 min read23 Jun 2026India’s Insolvency and Bankruptcy Code has transformed the creditor-debtor relationship
Before the IBC, creditors had no choice but to chase resolution through a web of laws and frameworks while asset value deteriorated to nil. Ten years on, the situation has changed dramatically.
3 min read29 May 2026Supreme Court flags insolvency delays, takes suo motu cognizance of NCLT gaps
The top court cited staff shortages, infrastructure deficits and procedural lapses as resolution timelines stretch far beyond IBC mandate, raising risks for creditors.
3 min read29 Apr 2026Bankruptcy bottleneck: 380 resolution plans approved by lenders await NCLT nod
More than 380 corporate turnaround plans are pending clearance from NCLT benches. The Supreme Court's intervention, seeking status report, reflects concerns about prolonged delays in resolution processes under the IBC, with many cases exceeding the stipulated 330-day resolution timeframe.
2 min read29 Apr 2026Can firms withhold payments to sanctioned suppliers without facing insolvency?
The issue has surfaced after the NCLT Ahmedabad, in a 26 March order, held that foreign sanctions cannot be used as a defence to avoid payment of dues to operational creditors such as suppliers and vendors.
4 min read23 Apr 2026NCLAT reserves order in Jaiprakash Associates insolvency case
On 6 April, a Supreme Court bench, led by Chief Justice Surya Kant and Justice Joymalya Bagchi, directed the NCLAT to hear the matter urgently
1 min read22 Apr 2026Govt to hold wider consultation for group, cross-border insolvency rules
At present, the central government is consulting the UN on adapting its model of group and cross-border insolvency frameworks to India’s requirements and pattern of litigation seen in the past for optimum efficiency.
3 min read20 Apr 2026Best of the Week: Adani, JSW, Reliance, Tata dominate IBC deals
India's planned moat for battery production, lessons Vietnam holds for India, and startups capitalising on babies' cries.
4 min read18 Apr 2026Wait for it…
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