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.

06th Aug, 2020

IBBI notifies the IBBI (Voluntary Liquidation Process) (Second Amendment) Regulations, 2020

  • Corporate Restructuring & Insolvency

05th Aug, 2020

Madras HC dismisses writ petition challenging the validity of fees to be paid by insolvency professionals to the IBBI

  • Corporate Restructuring & Insolvency,
  • Disputes

The Madras High Court, on July 28, 2020, dismissed a writ petition challenging the constitutional validity of regulations 7(2)(ca) and 13(2)(ca) of...

23rd Jul, 2020

Application under Section 7 of IBC by a debenture trustee

  • Corporate Restructuring & Insolvency,
  • Disputes

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

  • 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)...



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