Insolvency and Bankruptcy Code

In Orris Infrastructure v. Rakesh Kumar Gupta, the Supreme Court holds that an IBC Section 9 admission induced by fraud can be recalled, yet the CIRP need not automatically end.

Parliament's 2026 IBC amendment swaps judicial discretion for hard deadlines. Jet Airways' five-year unraveling shows the real bottleneck was the courts, not the law.

In a significant clarification of India’s insolvency framework, the NCLAT has ruled that an RBI regulated financial services company cannot be treated as a “corporate debtor” under the IBC unless the central bank cancels its registration. The decision, delivered in the Jumbo Finvest case, draws a clear line between financial sector regulation and the corporate insolvency process.

SC halts Bhushan Power liquidation, giving JSW Steel time to seek review of ruling that annulled its ₹19,350 cr acquisition.

NCLAT rules CoC-approved resolution plans can’t be modified after submission to the Adjudicating Authority.

NCLT recognizes SWAMIH Fund’s loan as interim finance under IBC, ensuring top repayment priority for last-mile project funding.

Commercial wisdom of CoC has been given the prominent status"—Supreme Court upholds creditor-driven resolution in Piramal Capital v. 63 Moon

SC reinforces legal discipline, limits judicial interference in insolvency proceedings. Highlights natural justice vs. expediency.

Insolvency is not just a tool for debt recovery—analyzing the legal framework in GLAS Trust v. Byju Raveendran.