India: Insolvency/Bankruptcy/Re-Structuring

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Article
NCLT Kolkata Held That Acknowledgment Of Liability By Principal Borrower Extends Limitation Period For Personal Guarantor
The NCLT, Special Bench, Kolkata through its judgment dated 18.06.2026, in Indian Bank vs. Santosh Jhawar, Personal Guarantor of M/s Burgundy Life Style Pvt. Ltd. , held that an acknowledgment of liability by Principal Borrower extends the limitation period for Personal Guarantor and maintainability of a Section 95 proceeding is not conditioned upon prior initiation of Corporate Insolvency Resolution Process (“CIRP”) against the Principal Borrower.
India Insolvency
Sagus Legal
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Article
A Decade In The Air: From AWAS Ruling To The Aircraft Object Act, 2025
A decade after the landmark AWAS ruling clarified aircraft deregistration rights under the Cape Town Convention, India has enacted the Aircraft Objects Act 2025. This analysis examines how the Delhi High Court's interpretation of IDERA mechanisms and creditor protections shaped India's aviation financing regime, particularly in light of the Go First insolvency crisis that exposed gaps between international treaty obligations and domestic insolvency law.
India Finance
MC
MAHESHWARI & CO. Advocates & Legal Consultants
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