The proliferation of cryptocurrency holdings on corporate balance sheets has introduced a novel dimension to insolvency practice in India. Once purely speculative, cryptocurrency is now also held as treasury reserves, trading inventory and collateral. Within the Indian insolvency framework, the central question is no longer whether cryptocurrency is relevant to insolvency proceedings, but how it should be characterised, controlled and dealt with once a corporate insolvency resolution process (CIRP) is triggered.
“Property” is not specifically defined in a manner that conclusively addresses all types and forms of assets. Rather, it is understood contextually depending on the law under which it is examined – whether…