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Insolvency and Bankruptcy Code (IBC)

SC Allows Lifting of Corporate Veil in Holding Company CIRP to Include Subsidiary Assets; Restores Earth Infrastructure Resolution Plans [Read Judgment]
Judiciary
SC Allows Lifting of Corporate Veil in Holding Company CIRP to Include Subsidiary Assets; Restores Earth Infrastructure Resolution Plans [Read Judgment]

Supreme Court allows lifting of corporate veil in Earth Infrastructure CIRP, restores stalled project resolution plans, and denies GNIDA penal charges.

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NCLAT Dismisses Vedanta’s Challenge to Adani’s Resolution Plan for Jaiprakash Associates Judiciary
NCLAT Dismisses Vedanta’s Challenge to Adani’s Resolution Plan for Jaiprakash Associates

NCLAT dismisses Vedanta’s plea against Adani’s ₹57,000 crore JAL resolution plan, upholds CoC decision, and rejects post-bid addendum challenge.

SC Refuses Stay on Adani’s JAL Plan; NCLAT to Hear Vedanta Appeal Business
SC Refuses Stay on Adani’s JAL Plan; NCLAT to Hear Vedanta Appeal

Supreme Court refuses to stay Adani’s JAL resolution plan, asks NCLAT to hear Vedanta’s appeal on priority in the high-stakes insolvency dispute.

Vedanta Approaches SC to Halt Adani’s Jaypee Takeover Under Insolvency Plan Business
Vedanta Approaches SC to Halt Adani’s Jaypee Takeover Under Insolvency Plan

Jaypee takeover row reaches Supreme Court as Vedanta challenges Adani’s JAL resolution plan, citing higher bid and value maximisation issues.

High Courts Cannot Nullify Arbitration Proceedings While Substituting Arbitrators: SC [Read Order] Judiciary
High Courts Cannot Nullify Arbitration Proceedings While Substituting Arbitrators: SC [Read Order]

Supreme Court rules High Courts cannot nullify arbitration proceedings while appointing substitute arbitrators under Section 15(2) of the Arbitration Act.

SC Upholds Joint Insolvency Proceedings Against Interlinked Real Estate Companies [Read Judgment]

Supreme Court upholds joint insolvency proceedings against interlinked real estate companies, allowing a single IBC petition for linked projects.

SC Invokes Article 142 to Revive Noida’s Stalled Supernova Project, Replaces IRP and CoC with Court-Appointed Committee [Read Order]

Supreme Court invokes Article 142 to revive Noida’s stalled Supernova project, replaces IRP and CoC, and appoints a court-monitored committee.

SC Holds Defective Affidavit In IBC Is Curable, Not Fatal To Petition [Read Judgment]

Supreme Court holds that a defective affidavit in a Section 7 IBC application is a curable irregularity, not grounds for rejection, and stresses mandatory notice requirements.

Unfair to deny flat buyer's claim after publication of financial creditors list under IBC: SC [Read Judgment]

SC: Unfair to deny flat buyer’s claim once listed as financial creditor under IBC; directs handover of apartment within two months.

SC recalls May 2 judgment scrapping JSW Steel's resolution plan for Bhushan Power and Steel Ltd

SC recalls its May 2 verdict cancelling JSW Steel’s ₹19,300 Cr resolution plan for Bhushan Power; matter to be heard afresh on August 7.

SC orders status quo on liquidation of Bhushan Power & Steel Ltd [Read Order]

SC orders status quo on Bhushan Power & Steel liquidation, giving JSW Steel time to file review plea over Rs 19,700-crore resolution plan.

Company in moratorium under IBC; director can't be prosecuted for cheque dishonour: SC [Read Judgment]

Director can’t be prosecuted for cheque bounce if company is under moratorium under IBC, as management shifts to IRP, limiting repayment capacity: SC


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