Insolvency and Bankruptcy Code

NEW DELHI – In a landmark decision impacting India’s aviation sector, the Supreme Court on Wednesday directed the liquidation of Jet Airways under the Insolvency and Bankruptcy Code (IBC), marking an end to its lengthy insolvency resolution process. The ruling came in the case State Bank of India and ors v Consortium of Mr Murari […]

NEW DELHI – In a significant development for the embattled edtech company Byju’s, the Supreme Court has reinstated insolvency proceedings that had been previously halted by the National Company Law Appellate Tribunal (NCLAT). The top court’s ruling emphasized that Byju’s must adhere to the guidelines of the Insolvency and Bankruptcy Code (IBC) in addressing its […]