The court’s decision highlights that persistent inclusion of debt in audited balance sheets from FY 2015-16 to FY 2022-23 serves as a valid acknowledgment under Section 18, resetting the limitation clock as established in previous Supreme Court rulings. Key principles from the Supreme Court’s Bishal Jaiswal case underscore that a clear and conscious admission of […]
Article written by Sanjeev Pandey Introduction The National Company Law Appellate Tribunal (NCLAT) has delivered a significant judgment in the case of Girish Siriram Juneja v. Soneko Marketing Pvt. Ltd. and Ors. (decided on July 8, 2025), which has far-reaching implications for insolvency professionals operating under the Insolvency and Bankruptcy Code, 2016 (IBC). The ruling […]
BREAKING | ‘Art 142 Used To Do Injustice’: Supreme Court Recalls Judgment Which Rejected JSW’s Resolution Plan For Bhushan Power & Steel Hon’ble Apex Court held as under: * Prima facie, we are of the view that the impugned judgment does not correctly lay down the legal position. * It is contrary to the law […]
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The Supreme Court’s recent ruling in IL&FS Financial Services Ltd. v. Adhunik Meghalaya Steels Pvt. Ltd. sets a significant precedent in Indian insolvency and limitation law under the IBC. 🔎 Key Insights: The Court held that entries in a company’s balance sheet—even without a creditor’s specific name—can serve as a valid acknowledgment of debt under […]
Madras HC Blocks SARFAESI Action by Canara Bank Until MSME Revival Steps Are Exhausted In an important June 3, 2025, ruling, Madras HC set aside Canara Bank’s SARFAESI notices and auction sale against four Trichy MSMEs for skipping the statutory Revival & Rehab Framework (Notification, 29 May 2015) under the MSMED Act. Key points: => […]
📢 IBBI Notifies New Fee Structure for Insolvency Professional Entities (IPEs) In a significant move towards streamlining the insolvency ecosystem, the Insolvency and Bankruptcy Board of India (IBBI) has introduced a new fee framework for Insolvency Professional Entities (IPEs). 🔹 The revised structure aims to: •Encourage professional excellence and institutional accountability •Ensure fair contribution by […]
By Mr. Sanjeev Pandey, CEO, AIPE Executive Summary Prepackaged insolvency was introduced in India in 2021 to offer Micro, Small, and Medium Enterprises (MSMEs) a quicker and more efficient resolution process under the Insolvency and Bankruptcy Code (IBC). Despite its promise, the framework has seen limited uptake. This article explores the reasons behind the lack […]