Author: Ashwarya Sharma, Advocate, Co-Founder & Legal Head, RB LawCorpDate: 28/04/2026 Introduction: When Responsibility Is Assumed Without Role In an era of heightened regulatory scrutiny and aggressive enforcement, directors are increasingly being drawn into litigation for acts carried out in the name of the company. This expanding net of liability…
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Reining in Misuse of IBC for Recovery
Author: Ashwarya Sharma, Advocate, Co-Founder & Legal Head, RB LawCorpDate: 27/04/2026 Introduction: When Insolvency Becomes a Tool for Recovery The jurisprudence under the Insolvency and Bankruptcy Code, 2016 has consistently evolved to maintain a clear distinction between insolvency resolution and debt recovery. Yet, in practice, this boundary is often tested,…
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Supreme Court Clears Path for Single Insolvency Proceedings Against Linked Group Companies
Author: Ashwarya Sharma, Advocate & Co-Founder, RB LawCorpAssisted by: Rishabh Singh, Principal Associate – IBCDate: 18/02/2026 Introduction: When Corporate Form Cannot Defeat Commercial Reality One of the recurring tensions under the Insolvency and Bankruptcy Code, 2016 (IBC) has been the rigid application of corporate separateness in situations where business operations…
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A Landmark Ruling Reshaping the IBC Framework
By Ashwarya Sharma, Advocate | Co-Founder & Legal Head, RB LawCorp In Kalyani Transco v. Bhushan Power & Steel Ltd., the Supreme Court quashed an already-approved resolution plan and ordered liquidation, invoking Article 142 of the Constitution. This marks a turning point in insolvency law enforcement. Key Highlights: Conclusion: This…
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Doctrine of clean slate and extinguishment of claims under IBC vis-à-vis the power of the sovereign to levy taxes
Recently, the Andhra Pradesh High Court in Patanjali Foods Limited v. Assistant Commissioner ST FAC and Others (Writ Petition No: 28529/2023 and Writ Petition No: 4944/2024) pronounced a significant judgement having far reaching impact on rights of a successful resolution applicant under the Insolvency and Bankruptcy Code, 2016 (‘IBC’) vis-à-vis the power of the sovereign to…