VListen

In this episode, hosts Prakul Thadi and Bendi Raviteja explore the complex intersection between the Prevention of Money Laundering Act (PMLA) and the Insolvency and Bankruptcy Code (IBC). Can enforcement under PMLA continue once insolvency proceedings begin? What happens to ED-attached properties during a resolution process? Are both laws complementary — or conflicting? We break down: • Key Suprem...

In this episode of VListen , we unpack one of India’s most intricate corporate insolvency battles — the saga of Bhushan Power and Steel Limited (BPSL) and JSW Steel . Join host Prakul Thadi as we explore how the Supreme Court of India delivered three landmark judgments in this case: Rejecting the Resolution Plan initially due to implementation delays, Recalling its own order in a rare judicial cou...

Dive into the groundbreaking Supreme Court ruling on Byju’s insolvency case, which redefines the use of Rule 11 and reaffirms the importance of procedural safeguards under Section 12A of the IBC. This episode unpacks the legal nuances, critiques the NCLAT’s approach, and highlights the limitations of inherent powers of Tribunals when procedural framework is laid out under the law.

In this episode of VListen, host Prasanna delves into the Hon’ble NCLAT’s ruling in Murlidhar Vincom Pvt. Ltd. vs. Skoda (India) Pvt. Ltd. Can unallotted share application money be considered financial debt under the Insolvency and Bankruptcy Code, 2016? Join us as we break down the arguments, legal interpretations, and the court’s decision in this landmark case. Perfect for legal professionals, s...

In this episode, we explore the legal intricacies of whether the Income Tax Department can issue a reassessment notice after a resolution plan has been approved under the Insolvency and Bankruptcy Code (IBC). Using the recent case of Asian Colour Coated Ispat Ltd. vs. Assistant Commissioner of Income Tax as our case study, we discuss the Delhi High Court’s judgment and the broader implications for...

In this episode, Sarthika summarises the amendments made to CIRP Regulations by IBBI.

In this insightful episode of VListen, we unravel the intricacies of directorial liability amidst the protective shield of moratorium provided under the Insolvency and Bankruptcy Code (IBC). The Hon'ble Supreme Court's rulings in pivotal cases shed light on the nuanced legal landscape, challenging the common perception that directors are immune during a company's Corporate Insolvency R...

In this episode, Katyayni touches upon an important aspect of avoidance transactions covering the Supreme Court's take on availing remedies against third parties under Section 66 of the Insolvency and Bankruptcy Code, 2016.

Welcome to another enlightening episode of our podcast! In this episode CS Ankita Pugalia delves into the position of law on maintainability of CIRP Applications against Co-Borrowers.

In this episode, we discuss the NCLAT order in Jet Airways wherein the treatment of PF dues in a resolution plan is examined.

In this episode, Sravya provides case brief of a NCLT order disallowing conversion of slump sale into sale as a going concern.

IBC is dynamic legislation with amendments made to the Act and the Regulations thereof at regular intervals. The IBBI had, on September 16, 2022, made vital amendments to the CIRP Regulations. In this video, Mr. Bendi Raviteja, Partner at VIRA Legal LLP discusses the said amendments.

In this episode, Aditya explains the unending saga of Amazon & Reliance over acquiring future group and the recent ruling of NCLT admitting Future Retail in to CIRP.

In this episode Aditya analyses the complexities in claims of Compulsorily Debenture Holders.

In this episode, Prakul presents the case brief of the recent Supreme Court ruling in the matter of Siva Industries and Holdings Limited upholding the commercial wisdom of CoC in considering withdrawal of CIRP under Section 12 of Insolvency and Bankruptcy Code, 2016.

In this episode, we talk about the requirement of obtaining approval from CCI for combinations proposed under resolution plans and more importantly as to the timing of obtaining such approval.

In this episode of VListen, Mr Shivam Singhal explains the status of insufficiently stamped documents for admission of Section 7 Application under IBC especially where the existence of debt and default can be proven without relying on such documents.

In this brand new episode, Mr Prakul quickly analyses the current position of law in treating the creditors whose security interest has not been registered as charge with the RoC. 

In this episode, Mr Bendi Raviteja touches upon the contentious issue of interest portion of operational debt highlighting the contradictory rulings of the NCLTs in India.

It is still a matter of debate as to whether NCLT or DRT exercises jurisdiction for initiation of Insolvency Resolution Process or Bankruptcy Process against the Personal Guarantor to the Corporate Debtor when there is no pending CIRP or Liquidation Process against such Corporate Debtor. In this episode Mr Kunwarpreet Singh, Partner at Prakul & Kunwarpreet LLP (P&K) explains the current po...

The Hon'ble NCLT, Principal Bench in the matter of UKG Steel Private Limited Vs. M/s. Erotic Buildcon Private Limited held that loan advanced by Financial Creditor in violation of Section 186 of Companies Act, 2013 leads to a debt which cannot be legally enforceable and thereby dismissed the CIRP Application filed under Section 7 of IBC, 2016. Mr Yashraj Singh summarised the order and its rational...

In this episode, Mr Raymond Albyness discusses an interesting ruling by NCLT, Chennai wherein the Hon'ble NCLT invoked its powers under Section 66 of the Insolvency and Bankruptcy Code, 2016 for contravention of moratorium.

Mr Divyansh Dev delved into the ingredients of Section 32A of the Insolvency and Bankruptcy Code, 2016 which provides for immunity from any criminal prosecution against the Corporate Debtor and protection to the properties of the Corporate Debtor for the offences committed before the Insolvency Commencement Date.  Keep listening to VListen! If VListen... We Learn!

The Indian Variant of Pre-Packs is designed specifically for MSMEs and there are certain key areas which need focused discussion. In our special episode we had the privilege of hosting Ms. Shreya Prakash who shared her views on the key issues highlighted by VL team.  Keep Listening to VListen. If VListen... We Learn!

The issue on whether limiting the application of provisions of Part-III to Personal Guarantors to Corporate Debtor is valid, has come to a conclusion with the recent order of the Hon'ble Supreme Court in Lalit Kumar Jain vs. UoI & Ors. Listen to our Podcast for the case study on Lalit Kumar Jain vs. UoI & Ors.