Worldwide: Insolvency/Bankruptcy

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Insolvency law and bankruptcy law articles, thought leadership, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics surrounding financial restructuring, insolvency and bankruptcy.
Article
Tribunal Reforms And Judicial Independence: The Unending Constitutional Tug-Of War Between The Judiciary And The Executive
India’s tribunal system was conceived as a response to the limits of the ordinary judiciary: chronic arrears, increasing regulatory complexity and the need for specialised fora to adjudicate technical disputes. Over time, however, tribunals have ceased to be merely supplemental institutions and, in several sectors, have come to replace constitutional courts as the primary fora for administrative, corporate and economic adjudication.
India Government
ML
MZM Legal
Article
IBC (Amendment) Bill, 2025: Key Reforms And Impact
The Insolvency and Bankruptcy Code (“IBC”), enacted in 2016, has been a landmark reform in India’s insolvency regime. It sought to streamline the process of resolving distressed companies, reduce delays, and protect creditor rights. Over time, however, some structural and procedural shortcomings have surfaced delays in resolution, fragmentation in group insolvencies, weak cross-border mechanisms, and skewed rights among stakeholders.
India Insolvency
ML
MZM Legal
Article
High Court Of Punjab & Haryana Holds That Moratorium Under The IBC Does Not Bar The Criminal Proceedings Against The Directors Under The NI Act
The High Court of Punjab and Haryana through its judgment dated 20.07.2026 in Ajay Gupta and Another v. Can Bank Factors Limited dismissed a Petition filed under Section 482 of the Code of Criminal Procedure, 1973 seeking quashing of criminal proceedings under Sections 138 and 141 of the Negotiable Instruments Act, 1881 on the ground that insolvency proceedings had been initiated against the company under the IBC.
India Criminal
Sagus Legal
Article
RBI Prescribes Prudential Norms For Specified Non-Financial Assets
On 16 July 2026, the Reserve Bank of India issued amendment directions to the Reserve Bank of India (Commercial Banks - Resolution of Stressed Assets) Directions, 2025 (Directions) applicable to commercial banks, small finance banks, urban co-operative banks, rural co-operative banks, regional rural banks, local area banks, non-banking financial companies and All India Financial Institutions (collectively, the Regulated Entities).
India Finance
KC
Khaitan & Co LLP
Video
SARFAESI Appeals & Pre-Deposit: Calcutta High Court On OTS Orders | Podcast Bites (Video)
The Calcutta High Court's ruling in Jainco Projects (India) Limited v. UCO Bank examines critical procedural requirements for SARFAESI appeals, specifically addressing the interplay between One Time Settlement orders and mandatory pre-deposit provisions. This decision clarifies when borrowers can challenge debt recovery actions and what financial obligations must be met before appellate tribunals will hear their cases.
India Finance
IL
IndiaLaw LLP
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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