A Debtor’s Shield: Can Non-Compliance with Section 186 of the Companies Act, 2013, Protect a Debtor Under the IBC?
In view of the Judgment dated July 15, 2025, passed by the Hon’ble National Company Law Appellate Tribunal (“NCLAT”) in Pancham Studios Private Limited vs. Konark Aquatics and Exports Private Limited,Company Appeal (AT) (Ins.) No. 406 of 2024 (“Company Appeal”), the present Article discusses whether violation of Section 186 (2) (a) of Companies Act, 2013 […]
Insolvency And Bankruptcy Board Of India (Insolvency Resolution Process For Corporate Persons) (Second Amendment) Regulations, 2023
On September 18, 2023, the Insolvency and Bankruptcy Board of India (“IBBI”) notified a second amendment to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The key amendments are as follows: “2D. Details of debt, default and limitation in respect of applications under section 7 or section 9. While filing an application under […]