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SUPREME COURT STRENGTHENS FINALITY OF INSOLVENCY RESOLUTION PLANS WHY IN THE NEWS ? Judicial Ruling: The Supreme Court ruled that lenders cannot withdraw an approved insolvency resolution plan merely because a company’s financial position improves. Insolvency Certainty: The decision upholds the finality of approved resolution plans under the Insolvency and Bankruptcy Code (IBC), 2016, strengthening …
Read MoreIBC 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 …
Read MoreWhy 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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