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The Insolvency and bankruptcy Code (Amendment) Amendment, 2018 has been brought into force on 6th June 2018, which has been regarded as one of the most prominent and substantive amendment to the code till now. This amendment seeks out to remove the loopholes which ought to reduce the efficiency of the Code and also to...

In the case of Indiabulls Housing Finance Ltd. v. Shree Ram Urban Infrastructure Ltd. (Company Appeal (AT) (Insolvency) No. 252 of 2018) the main issue before NCLAT was whether another petition under section 7 or 10 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) can be entertained when winding up order has already been passed...