Supreme Court Clarifies “Acknowledgment of Debt” Principles under IBC Limitation: What Legal & Business Leaders Need to Know

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 […]

🚨 Enhancing CIRP Integrity: A Critical Analysis of IBBI’s Proposed Regulatory Changes

The Insolvency and Bankruptcy Board of India (IBBI) has released a Discussion Paper on Measures to Enhance Integrity of the Corporate Insolvency Resolution Process (CIRP), inviting public comments by 27 August 2025. IBBI has proposed following changes in the Regulations for achieving above objectives: ✅ Formal CoC Deliberations on Section 29A Eligibility– Mandating recorded discussions […]

Happy Independence Day!

🇮🇳 Celebrating the Spirit of Independence 🇮🇳 This Independence Day, we at AIPE honor not just the freedom hard-won by our nation, but also the responsibility that comes with it. Freedom is not merely the absence of constraints; it is the power to act with integrity, to innovate fearlessly, and to contribute meaningfully to the growth of our society […]

“A Landmark Ruling on Disciplinary Proceedings and Ongoing Assignments: NCLAT Clarifies Impact of AFA Suspension on Resolution Professionals”

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 […]

Supreme Court Recalls Judgment : JSW-BPSL Case

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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Supreme Court Clarifies “Acknowledgment of Debt” Principles under IBC Limitation: What Legal & Business Leaders Need to Know

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 […]

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