Insolvency

The Supreme Court has released draft AI regulations for Indian courts, inviting public feedback till June 20, 2026. Here's what lawyers, litigants, and technologists need to know about the rules.

The Supreme Court declined to stay the Adani group’s insolvency resolution plan, emphasizing adherence to CIRP timelines and directing NCLAT to prioritize Vedanta’s appeal.

In a key NCLAT insolvency deposit default ruling, the appellate tribunal held that companies cannot evade insolvency proceedings by relying on their own violation of deposit rules under company law.

The NCLAT has clarified that disputed contractual debts in insolvency cannot be recovered through summary proceedings under the Insolvency and Bankruptcy Code, reaffirming the limits of liquidator powers.

NCLAT affirms that a pre-existing dispute bars insolvency action against Voltas, reinforcing that the IBC cannot be misused as a debt-recovery tool. The tribunal highlights documentation gaps, commercial disputes, and Mobilox principles to dismiss the Section 9 petition.

The NCLAT upheld Nuvoco’s ₹1,800 crore takeover of Vadraj Cement, rejecting employee objections and reaffirming the primacy of CoC’s commercial wisdom under the IBC. The ruling clears hurdles for resolution and strengthens predictability in India’s insolvency regime.

NCLT Mumbai: Corporate Debtor can still cite pre-existing disputes even if no reply is sent within 10 days under IBC Section 8.

Supreme Court rules lease renewals for defunct BPMEL futile, emphasising practical resolutions in corporate insolvency.