Bankruptcy Law and Insolvency Law

The Insolvency and Bankruptcy Code, 2016 ("Code") has been a cornerstone of India's restructuring framework, yet its evolving nature often leaves room for judicial interpretation.

In a recent judgment delivered on March 20, 2025, the Hon'ble Supreme Court of India (Supreme Court / Court), in the case of Vaibhav Goel & Anr. vs. Deputy Commissioner of Income Tax & Anr., held that Income Tax dues not included in an approved Resolution Plan under the Insolvency and Bankruptcy Code, 2016 (Code) stand extinguished.

In the recent judgment of Hon'ble Supreme Court ("SC") in Saranga Anilkumar Aggarwal Versus Bhavesh Dhirajlal Sheth & Others. , SC dealt with a legal proposition concerning whether execution proceedings under Section 27 of the Consumer Protection Act, 1986 ("CP Act").

The Insolvency and Bankruptcy Code, 2016 ("Code") has been a cornerstone of India's restructuring framework, yet its evolving nature often leaves room for judicial interpretation.

Following on from our article last year summarising the key Restructuring and Insolvency cases of 2023, 2024 was another busy year for developments in the industry in Hong Kong.

With the changing world order and the economic uncertainties the corporates have been facing since the pandemic, there have been a significant rise in unconventional...