Date of the Judgment: March 04, 2025 Citation: 2025 INSC 314 Judges: Vikram Nath, J., Prasanna B. Varale, J. Does the interim moratorium under Section 96 of the Insolvency and Bankruptcy Code (IBC) apply to penalties imposed under the Consumer Protection Act (CP Act)? This question was recently addressed by the Supreme Court in a […]
Date of the Judgment: 29 January 2025 Citation: (2025) INSC 124 Judges: Hrishikesh Roy, J., Sudhanshu Dhulia, J., S.V.N. Bhatti, J. (Majority opinion by Hrishikesh Roy, J. and Sudhanshu Dhulia, J., with a dissenting opinion by S.V.N. Bhatti, J.) Can a resolution plan involving a combination under the Competition Act, 2002, be approved by the
Supreme Court Upholds Resolution Plan, Limits High Court Interference in Insolvency Cases (2025) LEGAL ISSUE: Whether the High Court can interfere with Corporate Insolvency Resolution Process (CIRP) under Article 226 of the Constitution. CASE TYPE: Insolvency Law Case Name: Mohammed Enterprises (Tanzania) Ltd. vs. Farooq Ali Khan & Ors. Judgment Date: January 03, 2025 Date
Supreme Court Clarifies Financial Creditor Status in Insolvency Cases: China Development Bank vs. Doha Bank (2024) LEGAL ISSUE: Whether entities providing loans to a company, with another entity acting as a guarantor through a Deed of Hypothecation, qualify as ‘Financial Creditors’ under the Insolvency and Bankruptcy Code, 2016 (IBC). CASE TYPE: Insolvency Law Case Name:
Supreme Court Orders Liquidation of Jet Airways, Rejects PBG Adjustment LEGAL ISSUE: Whether a Performance Bank Guarantee (PBG) can be adjusted against the first tranche payment in a resolution plan under the Insolvency and Bankruptcy Code (IBC), 2016. CASE TYPE: Corporate Insolvency Resolution Process (CIRP) Case Name: State Bank of India & Ors. vs. The
Supreme Court Clarifies Scope of Section 11 of Arbitration Act in Goqii Technologies vs. Sokrati Technologies (2024) LEGAL ISSUE: Scope of interference by a referral court under Section 11 of the Arbitration and Conciliation Act, 1996. CASE TYPE: Arbitration Law Case Name: Goqii Technologies Private Limited vs. Sokrati Technologies Private Limited Judgment Date: 7th November
Supreme Court clarifies the scope of Section 11 of the Arbitration Act in Goqii Technologies vs. Sokrati Technologies (2024) LEGAL ISSUE: Scope of interference by a referral court under Section 11 of the Arbitration and Conciliation Act, 1996. CASE TYPE: Arbitration Law. Case Name: Goqii Technologies Private Limited vs. Sokrati Technologies Private Limited Judgment Date:
Supreme Court Upholds Resolution Plan, Prioritizing IBC Over SEZ Act: Noida SEZ vs. Manish Agarwal (2024) LEGAL ISSUE: Whether the Insolvency and Bankruptcy Code, 2016 (IBC) overrides the Special Economic Zone Act, 2005 (SEZ Act) in the context of a resolution plan. CASE TYPE: Insolvency Law Case Name: Noida Special Economic Zone Authority vs. Manish
Supreme Court Clarifies Procedure for CIRP Withdrawal: GLAS Trust Company LLC vs. BYJU Raveendran & Ors. (2024) LEGAL ISSUE: Clarification on the procedure for withdrawal of Corporate Insolvency Resolution Process (CIRP) applications after admission but before the constitution of the Committee of Creditors (CoC). CASE TYPE: Insolvency Law Case Name: GLAS Trust Company LLC vs.
Supreme Court Upholds CIRP Admission Based on Debt Acknowledgment: Vidyasagar Prasad vs. UCO Bank (2024) LEGAL ISSUE: Whether acknowledgment of debt in balance sheets and One Time Settlement (OTS) proposals can extend the limitation period for initiating Corporate Insolvency Resolution Process (CIRP). CASE TYPE: Insolvency Law Case Name: Vidyasagar Prasad vs. UCO Bank & Anr.
Supreme Court Clarifies Financial Creditor Status in IBC: Global Credit Capital vs. Sach Marketing (2024) LEGAL ISSUE: Whether a security deposit paid under a service agreement constitutes a financial debt under the Insolvency and Bankruptcy Code, 2016. CASE TYPE: Insolvency Law Case Name: Global Credit Capital Limited & Anr. vs. Sach Marketing Pvt. Ltd. &
Supreme Court Clarifies Jurisdiction for Offences under the Insolvency and Bankruptcy Code Date of the Judgment: 19 April 2024 Citation: (2024) INSC 319 Judges: B.R. Gavai, J. and Sandeep Mehta, J. Can the amendments to the Companies Act, 2013, impact the jurisdiction of courts trying offences under the Insolvency and Bankruptcy Code, 2016? The Supreme
