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Weekly Digest Of IBC Cases: 20th To 26th May 2024

Writ Petition Not Maintainable Against Private Bodies Under Insolvency Unless It Be In Discharge Of Public Duties: Allahabad High Court

Recently, the Allahabad High Court has held that a writ petition under Article 226 of the Constitution of India is not maintainable against a private company under insolvency in a contractual dispute.

Cross-Border Insolvency: Insights into India s Legal Landscape

Cross-border insolvency can be construed as those insolvency matters where a debtor who has declared himself to be as insolvent has assets in more than one jurisdiction or country, and its creditors, too, reside overseas. And, therefore, it could also be termed as an international insolvency.

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