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In a famous case of Flat Buyers Association Winter Hills-77, Gurgaon vs Umang Realtech Pvt Ltd, Adjudicating Authorities find it difficult to follow the process as in normal course, so Reverse Corporate Insolvency Resolution Process (Reverse CIRP) to be followed.

Corporate Debtor (CD) had made an application under section 10 of IBC, 2016 for initiation of Corporate Insolvency Resolution Process (CIRP) which was rejected by the NCLT taking into consideration the allegations made by the home buyers and others observing that CD

Resolution Professional can take control of assets lying with the customs department due to non-payment of import duty, during the Corporate Insolvency Resolution Process(CIRP).

This article deals with the cross border insolvency challenges which arises from the Jet Airways Insolvency Resolution Process (CIRP).

Center has set up National Company Law Tribunal (NCLT) on June 1, 2016, to look into cases relating to insolvency and bankruptcy of companies, especially those that have a huge bank debt.

Bhushan Steel was acquired by Tata Steel Ltd through IBC route and later on renamed it to Tata Steel BSL Ltd. Analysis of impact of the resolution plan on its financial and other stakeholders is carried out through this article