Updates



Quick updates to help our readers stay up to date on various legal and regulatory developments. It is not intended to be an analysis on the subject, but merely a brief snapshot.

01st Jul, 2020

NCLAT holds that provisions of the Limitation Act, 1963 stand excluded for matters for which special limitation is prescribed under the Competition Act, 2002

  • Corporate Restructuring & Insolvency,
  • Competition,
  • Disputes

On May 29, 2020, the National Company Law Appellate Tribunal (“NCLAT”) in the case of Maj. Pankaj Rai v. Secretary, Competition Commission of India...

25th Jun, 2020

NCLAT relies on Section 13(9) of the SARFAESI Act in realizing security interest of the secured creditors

  • Banking & Finance,
  • Corporate Restructuring & Insolvency,
  • Disputes

The National Company Law Appellate Tribunal (“NCLAT”) on June 18, 2020 in the case of Mr. Srikanth Dwarakanath, Liquidator of Surana Power Limited ...

08th Jun, 2020

Ministry of Law and Justice notifies Insolvency and Bankruptcy Code (Amendment) Ordinance

  • Corporate Restructuring & Insolvency

30th Apr, 2020

Supreme Court holds that co-obligor owes 'Financial Debt' to creditor

  • Corporate Restructuring & Insolvency,
  • Disputes

In the recent case of I.K. Agencies Private Limited (formerly Dipco Private Limited) v. Jayesh Sanghrajka (resolution professional of Ariisto Devel...

05th Apr, 2020

Nahar Builders Ltd. v. Housing Development and Infrastructure Ltd.

  • Corporate Restructuring & Insolvency,
  • Real Estate

On 21st January 2020, the High Court at Bombay gave its decision in the case of Nahar Builders Ltd. v. Housing Development and Infrastructure Ltd. ...

23rd Mar, 2020

Calcutta HC on whether High Court retains jurisdiction over WU matters admitted by the Court, after IBC is enacted

  • Corporate Restructuring & Insolvency,
  • Disputes

The Calcutta High Court recently in the case of Avani Projects & Infrastructure Ltd. vs. The Official Liquidator, High Court, Calcutta C.P. No.1 of...

24th Feb, 2020

MCA prescribes rules for filings by RPs and Liquidators

  • Corporate and M&A,
  • Corporate Restructuring & Insolvency

On February 17, 2020, the Ministry of Corporate Affairs (“Ministry”) issued a general circular bearing number 04/2020, which clarifies the procedur...

21st Feb, 2020

NCLAT on ED actions and unresolved claims after approval of Resolution Plan

  • Corporate Restructuring & Insolvency,
  • Disputes

10th Dec, 2019

IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2019

  • Corporate Restructuring & Insolvency

The Insolvency and Bankruptcy Board of India (“IBBI”) has notified the IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment)...

15th Nov, 2019

Calcutta High Court on whether approval of Resolution Plan under IBC discharges the Guarantors

  • Corporate Restructuring & Insolvency,
  • Disputes

In a recent judgment dated November 13, 2019 passed by the Calcutta High Court in the matter of Gouri Shankar Jain ("Petitioner") vs. Punjab Nation...

17th Oct, 2019

SEBI holds that proceedings cannot be continued against noticee against whom a liquidation order has been passed without leave of NCLT

  • Corporate and M&A,
  • Corporate Restructuring & Insolvency

The Securities and Exchange Board of India (“SEBI”) in its order dated October 15, 2019 in respect of proceedings against Emgee Cables & Communicat...

15th Oct, 2019

NCLAT stays order of attachment by ED after NCLT has approved a resolution plan under IBC.

  • Corporate Restructuring & Insolvency,
  • Disputes

The conflict between the Insolvency and Bankruptcy Code, 2016 (“IBC”) and the Prevention of Money-Laundering Act, 2002 (“PMLA”) has once again surf...



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