India: Financial Restructuring

In January 2025, the Supreme Court of India passed a landmark judgment in Independent Sugar Corporation Ltd. v. Girish Sriram Juneja, resolving a long-pending doubt in India's insolvency law.

On April 2, 2025, the Madurai Bench of the Madras High Court ("Madras HC"), in M/s. Empee Distilleries Limited vs. The Superintending Engineer and Ors.1, delivered a pivotal ruling on the interplay between the Insolvency and Bankruptcy Code, 2016 ("IBC") and statutory claims under litigation.

The IBBI (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2025 (CIRP Amendment Regulations) have been introduced to streamline...

On June 05, 2025, the NCLT, Chennai, allowed suspended directors of Call Express Construction India Pvt. Ltd. to compound the delay in holding AGMs for FYs 2018–19 to 2020–21, caused by internal disputes...

In January 2025, the Supreme Court of India passed a landmark judgment in Independent Sugar Corporation Ltd. v. Girish Sriram Juneja, resolving a long-pending doubt in India's insolvency law.

The following is a snapshot of the important orders passed by the National Company Law Appellate Tribunal ("NCLAT"), under the Insolvency and Bankruptcy Code, 2016 ("Code")...