The book release of “Corporate Insolvency: The Road to Viksit Bharat — Law, Policy and Practice”, authored by leading insolvency lawyer and author Sumant Batra and published by EBC (Eastern Book Company) took place recently in the second week of July in New Delhi. The event featured distinguished dignitaries: Chief Guest: Justice A. K. Sikri, Former Judge, Supreme Court of India; International Judge, Singapore International Commercial Court and Guests of Honour: Justice Ashok Bhushan, Former Judge, Supreme Court of India & Chairperson, NCLAT, Mr. Amitabh Kant, Former G20 Sherpa & CEO, NITI Aayog; Senior Advisor, Fairfax and Mr. Sanjeev Sanyal, Member, Economic Advisory Council to the Prime Minister of India.

The excerpt below is a…

The National Company Law Tribunal (NCLT), Guwahati Bench of Mr. Rammurti Kushawaha (Judicial Member) and Mr. Yogendra Kumar Singh (Technical Member) has held that in the absence of the Liquidator’s fees being fixed by the Committee of Creditors (CoC) at the time of recommending liquidation under Section 33 of the IBC, and subsequently by the Stakeholders Consultation Committee (SCC) under Regulation 4(1A) of the Liquidation Regulations, 2016, the Liquidator is entitled to fees as per Regulation 4(2) of the Liquidation Regulations and not by way of fixed monthly remuneration.

Fuenix Ecogy, a chemical recycling company based in Weert, the Netherlands, has officially declared bankruptcy, joining a growing list of Dutch plastic recyclers facing financial collapse. The bankruptcy was declared by the court of Roermond on July 2, 2025, following a request from creditors. As of now, Fuenix has not disclosed any detailed statements regarding the circumstances that led to its insolvency.

Founded with a vision to transform plastic waste into valuable resources, Fuenix launched its pyrolysis operations in 2019 with a…

The apex court also dismissed another appeal of Byju’s co-founder Riju Raveendran, who also wanted withdrawal of the insolvency proceedings against Think & Learn.

The National Company Law Appellate Tribunal (NCLAT) and the Bengaluru bench of the National Company Law Tribunal (NCLT) had directed the resolution professional to present the withdrawal application before the Committee of Creditors (CoC) of the debt-laden company.

The cricket board told the SC that the NCLAT…

KUALA LUMPUR, July 3 – Fashion designer Datuk Jovian Mandagie has reportedly been declared bankrupt by the High Court here for failing to repay a RM5 million loan to a construction company.

The Star reported that the court granted the bankruptcy order after Cekap Air Sdn Bhd filed a creditor’s petition over Jovian’s failure to settle RM5,284,340.66, including interest, for a loan given in 2022.

“Jovian did file several applications to stay and strike out the bankruptcy notice and petition that was filed against him but they were dismissed by the court,” said the company’s lawyer, Siti Nur Athirazatti Rohizad.

Cekap Air claimed the loan was extended verbally on February 25, 2022, based on a personal acquaintance between its…

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The Supreme Court on Monday, July 21, dismissed the petitions filed by the BCCI and Riju Ravindran, brother of Byju Ravindran, seeking withdrawal of insolvency proceedings against Byju. The court also refused to consider the settlement between the crisis-hit edtech company and the BCCI.

A bench of Justices JB Pardiwala and R Mahadevan refused to interfere with the April 17 order of the NCLAT. The tribunal had said that since the settlement proposal was filed after the formation of the CoC, it required approval under Section 12A of the Insolvency and Bankruptcy Code.

Earlier in February 2025, the National Company Law Tribunal (NCLT) had directed the petitioners to place their settlement proposal before the new CoC, in which US-based Glas…

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New Delhi: The Supreme Court on Monday dismissed pleas filed by the BCCI and Riju Raveendran — brother of Byju Raveendran — seeking withdrawal of insolvency proceedings against Byju’s and to consider the settlement between the beleaguered edtech company and the BCCI.

A Bench of Justices JB Pardiwala and R Mahadeven refused to interfere with the April 17 order of the National Company Law Appellate Tribunal (NCLAT) which had ruled that since the settlement proposal was filed after the formation of Committee of Creditors (CoC), it required the…

The recent decision of the Hon’ble National Company Law
Tribunal, Mumbai Bench, in the case concerning Rolta India
Limited (Corporate Debtor herein), wherein it upheld the right
of the Bank of India (Financial Creditor) to classify the Corporate
Debtor’s account as “fraud” during the
pendency of the Corporate Insolvency Resolution Process (CIRP), has
given rise to significant issue regarding its wider implications on
the insolvency framework under the Insolvency and Bankruptcy Code,
2016 (“IBC”).

This decision arose from an application filed by the Resolution
Professional (RP) of Rolta India seeking a restraint against the
Bank of India, which had classified Rolta India’s account as
fraudulent on account of default of Rs….