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: => 2015 Framework binds banks to form “Stressed MSME” committees and propose corrective action plans […]
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 […]
🇮🇳 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 […]
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 […]