Plaintiff can get Court Fee refund after IBC Plan settlement
July 13, 2026 COMMUNICATION COMMITTEE
The Delhi High Court in Sainik Industries Pvt. Ltd. v. Indian Sugar Manufacturing Company [CS(COMM) 474/2019] has held that a plaintiff who withdraws a civil suit after accepting dues under an approved resolution plan under the Insolvency and Bankruptcy Code, 2016 (IBC),..
Read More
IBBI Amends Voluntary Liquidation Process Regulations, 2017
July 13, 2026 COMMUNICATION COMMITTEE
The Insolvency and Bankruptcy Board of India (IBBI) has notified the IBBI (Voluntary Liquidation Process) (Amendment) Regulations, 2026, effective 2 June 2026, to streamline the voluntary liquidation framework and align it with recent reforms under the Insolvency and Bankruptcy Code..
Read More
IBBI Notifies Amended IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016
July 13, 2026 COMMUNICATION COMMITTEE
The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency Resolution Process for Corporate Persons (Third Amendment) Regulations, 2026, introducing procedural reforms aimed at improving efficiency, transparency and time-bound resolution under the Insolvency and Bankruptcy Code (IBC). Some..
Read More
NCLT Ahmedabad holds that Sales Incentive Property Promise Not Operational Debt Under IBC
July 13, 2026 COMMUNICATION COMMITTEE
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) in Green Consultancy v. Jhaveri Spices Private Limited [C.P.(IB)/122(AHM)2026] has held that a claim arising from a sales incentive scheme promising transfer of immovable property does not constitute an "operational debt" under..
Read More
Supreme Court Rules that Supreme Court Rules cannot override the timeline mandate under the IBC
July 13, 2026 COMMUNICATION COMMITTEE
The Supreme Court, in CA Ramchandra Dallaram Choudhary v. Adani Infrastructure And Developers Private Limited has reiterated that the strict timelines prescribed under the Insolvency and Bankruptcy Code, 2016 (IBC) cannot be diluted by permitting belated re-filing of defective appeals. It held..
Read More
NCLAT Rules IBC cannot be used to shield proceeds of crime
July 13, 2026 Communication Committee
The NCLAT, Principal Bench, New Delhi in Value Wise Consultancy Private Limited v. The Deputy Director, Directorate of Enforcement & Ors. [Company Appeal (AT) (Ins) No. 1226 and 1227 of 2022] dismissed an appeal wherein the central question was of prevalence of..