How India’s Insolvency Framework Has Evolved in 10 Years Under the IBC – DD News
How India’s Insolvency Framework Has Evolved in 10 Years Under the IBC DD News Read the original article here
Limitation against Corporate Guarantor Commences from Invocation of Guarantee, Not NPA Classification: NCLT Admits Insolvency Petition [Read Order]
The National Company Law Tribunal (NCLT) Kolkata Bench has held that the limitation period for initiating insolvency proceedings against a corporate guarantor commences from the date of invocation of the guarantee and not from the date on which the borrower’s account was declared Non-Performing Asset (NPA). The Financial Creditor had extended various credit facilities to…
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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Corporate Guarantor Cannot Escape CIRP Despite Parallel Proceedings against Principal Borrower: NCLT Admits ₹17.54 Cr Default [Read Order]
The National Company Law Tribunal (NCLT) Kolkata Bench has admitted a Insolvency application filed by Bank of India against Bahubali Realbuild Private Limited holding that simultaneous insolvency proceedings can continue against both the principal borrower and the corporate guarantor under the Insolvency and Bankruptcy Code 2016 (IBC). The petition was filed by Bank of India…
LiveLawBiz IBC Weekly Digest: May 25
Supreme Court Declines Ex-NCLAT Member’s Plea Challenging Post-Retirement Practice Restriction Before NCLT, NCLAT Case Title : VIJAI PRATAP SINGH vs UNION OF INDIA Case Number : W.P. (C) No. 670/2026 The Supreme Court on Wednesday declined to entertain a writ petition filed by former National Company Law Appellate Tribunal (NCLAT) Technical Member Vijai Pratap Singh…
The reality of going bankrupt in Australia – moneymag.com.au
The reality of going bankrupt in Australia moneymag.com.au Read the original article here
How IBC helped PSU banks cut down on bad loans in FY26
India’s major public sector banks (PSBs) have doubled down on the Insolvency and Bankruptcy Code (IBC) and the National Company Law Tribunal (NCLT) framework to resolve years of accumulated bad debt, with FY 2025-26 annual reports revealing a sweeping and coordinated recovery effort that has materially transformed the asset quality of the country’s banking system.…
IBC completes 10 years with creditors recovering over INR 4 lakh crore through resolution process
India’s Insolvency and Bankruptcy Code (IBC) has facilitated creditor recoveries exceeding INR 4 lakh crore over the past decade, while insolvency cases involving claims of nearly INR 14 lakh crore were resolved before admission to the National Company Law Tribunal (NCLT), according to data released by the Insolvency and Bankruptcy Board of India (IBBI) as…
Disgraced ex-Dover MP Charlie Elphicke files for bankruptcy
A former Tory Kent MP who was jailed for sexual assault has now filed for bankruptcy and is working as a builder. Charlie Elphicke, who previously represented Dover in parliament, was locked up for two years in 2020 after he was convicted of sexually assaulting two women. Former MP Charlie Elphicke has filed for bankrupcy…