New Delhi: The Supreme Court has clarified the application of the ‘clean slate’ principle under the Insolvency and Bankruptcy Code, 2016 (IBC), holding that an extinguished claim cannot be used to seek independent recovery after approval of a resolution plan. Read more…
May 26, 2026 : The National Company Law Appellate Tribunal (NCLAT) has set aside a National Company Law Tribunal (NCLT) order that had threatened senior lender banks with civil imprisonment for allegedly failing to release rolled-over bank guarantee and letter Read more…
April 21, 2026 : The National Company Law Appellate Tribunal (NCLAT), Principal Bench, has ruled that a Successful Resolution Applicant (SRA) cannot reopen or re-adjudicate claims that have already been verified and admitted during the Corporate Insolvency Resolution Process (CIRP), Read more…
March 27, 2026 : The National Company Law Appellate Tribunal (NCLAT) has clarified that a contract terminated prior to the commencement of the Corporate Insolvency Resolution Process (CIRP) cannot be revived through a resolution plan or by directions of the Read more…