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The Supreme Court on Tuesday (August 5) held that the moratorium under the Insolvency and Bankruptcy Code, 2016 (IBC), does not bar the voluntary handover of property leased by the corporate debtor to the lessors if retaining the asset is deemed unviable and the Committee of Creditors (“CoC”) endorses the decision. A bench comprising Justices…
Meera Singh, Head – Legal, Amway India In the current landscape of rapid interlinked economic activity, corporate governance and compliance are not simply matters of regulatory framework boxes to be ticked; they are pivotal to how corporations strengthen their reputation, shield against risks, and generate sustainable value. To build an enduring business brand goes beyond…
Electricity Act (36 of 2003) , S.62— Income-Tax Act (43 of 1961) , S.32, S.295— Income-Tax Rules (1962) , R.5— Procurement of power by distribution licensee – Determination of tariff – Legality – Plea of distribution licensee GUVNL that respondents were estopped from seeking project-wise determination of tariff by ERC having willingly signed PPAs at…
The National Company Law Tribunal (NCLT), Indore Bench of Sh. Shammi Khan (Judicial Member) and Sh. Sanjeev Sharma (Technical Member) has held that while admitting a petition under Section 7 of the IBC filed by homebuyers based on the default committed by the corporate debtor, the corporate debtor can be directed to complete the project…
To evolve from a 7/10 to a 10/10 compliance culture, Indian companies must build legal foresight as a corporate asset. Here’s how they can do it: 1. Jurisprudence mapping Maintain a real-time tracker of domestic and foreign case laws that impact operations, especially privacy, bribery, ESG, tax and labour law. This should feed into quarterly…
Whether the Arbitration invoked Against a Corporate Debtor before Initiation of Insolvency gets revived post lifting of moratorium? – Ananya Pratap Singh 3 Supreme Court of India: Whether the Arbitration invoked Against a Corporate Debtor before Initiation of Insolvency gets revived post lifting of moratorium In Electrosteel Steel Limited v. Ispat Carrier Private Limited 2025…
[Ayush Raj is a 4th year BA LLB student at Gujarat National Law University] On 4 July 2025, the Insolvency and Bankruptcy Board of India (Imb) issued the Fifth Amendment to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations (CIRP Regulations), with immediate effect. These amendments principally revise regulations 36 and 38 of the 2016 CIRP Regulations…
India’s business environment in 2025 is at a pivotal juncture, defined by a dynamic, assertive regulatory enforcement regime that is reshaping how corporations, management, and Boards manage legal and compliance risks. The era when compliance and investigations were isolated, reactive events has decisively given way to continuous, coordinated enforcement, making risk management a core function…
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Rakesh Kumar Jain (Judicial Member), Mr. Naresh Salecha (Technical Member) and Mr. Indevar Pandey (Technical Member) has held that if property is alleged to be proceeds of crime and is under adjudication by a competent authority under a penal statutes, it cannot be…
