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.

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...

27th Sep, 2019

Gaurav Hargovindbhai Dave v. ARCIL (Limitation period under IBC)

  • Corporate Restructuring & Insolvency,
  • Disputes

On September 18, 2019, the Supreme Court passed a judgment in the case of Gaurav Hargovindbhai Dave v. Asset Reconstruction Company (India) Limited...

15th May, 2019

National Company Law Tribunal (Second Amendment) Rules, 2019

  • Corporate Restructuring & Insolvency

On May 8, 2019, the Ministry of Corporate Affairs notified the National Company Law Tribunal (Second Amendment) Rules, 2019 (“Amendment Rules”) ame...

15th May, 2019

IBBI - Insolvency Professionals to act as Interim Resolution Professionals and Liquidators (Recommendations) Guidelines, 2019

  • Corporate Restructuring & Insolvency

On May 14, 2019, the Insolvency and Bankruptcy Board of India (“IBBI”) issued the Insolvency Professionals to act as Interim Resolution Professiona...

15th May, 2019

IBBI Circular on temporary surrender and revival of professional membership of an Insolvency Professional

  • Corporate Restructuring & Insolvency

On May 2, 2019, the Insolvency and Bankruptcy Board of India issued a circular on the ‘Temporary Surrender and Revival of Professional Membership o...

03rd May, 2019

Trade unions can file IBC petition as operational creditor

  • Corporate Restructuring & Insolvency,
  • Disputes

On April 30, 2019, the Supreme Court of India passed a judgment in the matter of JK Jute Mill Mazdoor Morcha v. Juggilal Kamlapat Jute Mills Compan...

16th Feb, 2019

NCLAT judgment in Ashish Garodia v Impact Event Management & Anr.

  • Corporate Restructuring & Insolvency,
  • Disputes



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