Tag: IBC
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SC on CoC Wisdom and Judicial Review
The Supreme Court has clarified that although the commercial wisdom of the Committee of Creditors (CoC) enjoys primacy under the Insolvency and Bankruptcy Code...
SC: Pending Restructuring Doesn’t Bar Section 7 CIRP
The Supreme Court on Tuesday (February 24) held that ongoing or pending restructuring discussions for a debt-laden corporate debtor do not, by themselves, stop...
Benami Act Attachment During CIRP Can’t Be Challenged Before NCLT/NCLAT: Supreme Court
The Supreme Court on Monday upheld an NCLAT ruling that a provisional attachment under the Prohibition of Benami Property Transactions Act, 1988 can be...
Group Insolvency Gets Judicial Backing: Supreme Court Allows Single IBC Petition for Interlinked Companies
Single Insolvency Proceeding Maintainable Against Closely Connected Corporate Entities, Rules Supreme Court
In a landmark ruling that strengthens the framework of insolvency resolution in India,...
Bombay High Court Rules SARFAESI Sale Invalid if Sale Certificate Is Issued After IBC Interim Moratorium
The Bombay High Court held that a secured creditor cannot complete a SARFAESI Act sale once an interim moratorium under the Insolvency and Bankruptcy...
