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31Mar 2026

IBC Amendments: Faster Debt Resolution

IBC Amendments Aim Faster Debt Resolution Framework Why in the News ? The Lok Sabha has passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, introducing major reforms such as creditor-initiated processes, group insolvency, and cross-border mechanisms to strengthen India’s insolvency framework and improve resolution efficiency while ensuring compliance with environmental clearance requirements and other …

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05Jun 2024

“NCLT REJECTS JAL’S CLAIMS, ORDERS INSOLVENCY PROCEEDINGS INITIATION”

Why in the news? The National Company Law Tribunal (NCLT) ordered the initiation of insolvency proceedings against Jaiprakash Associates Ltd. (JAL) on June 3. Jaiprakash Associates Ltd. (JAL’s) claim of facing a liquidity crunch and defaulting on debt repayments due to government delays and litigation was rejected by the NCLT. source:slideplayer About National Company Law …

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