Resolution in name, recovery in fact: The operational creditor and Section 9
The article examines the challenges faced by operational creditors under Section 9 of the Insolvency and Bankruptcy Code, 2016, where insolvency proceedings may…
CIRP: Legal News & Updates
Articles, case updates and legal news tagged "CIRP".
7 items found
NCLAT stays insolvency proceedings against Polycab India over ₹2.78 crore debt
The National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings against Polycab India Limited over an alleged operational debt of ₹2.78 cr…
Suspended directors have to give confidentiality undertaking for access to resolution plan: NCLAT
The NCLAT has held that suspended directors seeking access to a resolution plan during the Corporate Insolvency Resolution Process (CIRP) must first furnish a c…
Can a resolution plan under IBC survive the death of its maker? NCLAT answers
The NCLAT has ruled that the death of a successful resolution applicant does not automatically invalidate a resolution plan approved under the IBC. The tribunal…
'Homebuyers Can't Be Penalised For Builders' Default' : Supreme Court Rejects NOIDA's Time-Extension Charges In CIRP
The Supreme Court set aside directions treating NOIDA's time-extension charges as CIRP costs in delayed housing projects, holding that homebuyers and new resolu…
IBC Moratorium Protects Company, Not Directors or Promoters: Supreme Court
The Supreme Court has clarified that the moratorium imposed under Section 14 of the Insolvency and Bankruptcy Code protects only the corporate debtor undergoing…
Clean Slate, Dirty Data: Does IBC's Resolution Framework Extinguish Data Protection Board Penalties?
A recent legal analysis explores whether penalties imposed by the Data Protection Board of India under the DPDP Act can survive the "clean slate" doctrine under…