India: Insolvency/Bankruptcy

In light of these facts and precedents, the Tribunal held that there was no impediment in closing the CIRP. The CIRP was accordingly declared closed, and the RP was discharged.

On 13 August 2025, the Insolvency and Bankruptcy Board of India (IBBI) issued the Continuing Professional Education (CPE) Guidelines (Amendment) 2025, marking a significant update to the professional development framework for Insolvency Professionals (IPs).

We are delighted to share this month's AKP Dispute Resolution Monthly Digest.

The National Company Law Appellate Tribunal, Principal Bench, New Delhi ("NCLAT") in its decision dated July 3, 2025 in the matter of Rajesh Alfred v. Ketsaal Retail LLP, Company Appeal (AT) (Ins) No. 1563 of 2023...

In the regime of insolvency and bankruptcy law in India, the question of when and how the liabilities of Personal Guarantors crystallize has become increasingly significant.

In a significant ruling , the National Company Law Tribunal (NCLT), New Delhi Bench, dismissed an application seeking the dissolution of M/s Shakti Bhog Snacks Limited (SBSL) under Section 54 of the Insolvency and Bankruptcy Code, 2016 (IBC).

Matters involving public law, such as attachment of assets by the Enforcement Directorate (ED) under the PMLA, will now need to be adjudicated in separate forums, such as special courts/ tribunals, rather than being resolved within the IBC framework

In a significant ruling, the National Company Law Appellate Tribunal (NCLAT) has overturned a decision by the National Company Law Tribunal (NCLT) in an insolvency case involving Mrs. Leena Salot, the proprietor of Riddhim...

The case of Kalyani Transco vs. Bhushan Power and Steel Ltd. & Ors. arises from the insolvency resolution process of Bhushan Power and Steel Ltd., one of the largest and most high-profile insolvency cases under the Insolvency and Bankruptcy Code, 2016.