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Top legal luminaries deliberate on Insolvency & Bankruptcy Code at India Legal Conclave

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Top legal luminaries deliberate on Insolvency & Bankruptcy Code at India Legal Conclave

[vc_row][vc_column][vc_column_text]The first ever Legal Leadership Conclave, organised by India Legal Research Foundation (ILRF) and Supreme Court Bar Association (SCBA) in association with others, held in Mumbai on Saturday, April 27, evaluated the impact of Insolvency and Bankruptcy Code (IBC) and the challenges ahead.

The law that has been in existence for three years now is a landmark law is hailed as a major step for economic reform.

Supreme Court Justice NV Ramana, who inaugurated the conclave, said in his opening remarks that with the IBC code having been around for three years, it was time to take a look at its functioning. “The IBC is one of the key reforms in the field of commercial law undertaken in the last two decades and now that it has been around for three years, it is time to reflect on its journey and discuss ways to smoothen its functioning,” he said.

“In recent times, non-performing assets have threatened to cripple our banking system and have taken the wind out of the sails of our economic growth, said Justice Ramana, adding that the IBC was enacted to provide for a time-bound insolvency resolution mechanism.

“In three years since its enactment, 12,000 insolvency cases have been filed under it and around Rs 1 lakh crore have been recovered through insolvency proceedings,” he observed and added that the object behind enacting the IBC was to consolidate the existing framework by creating a single law for Insolvency and Bankruptcy.

Justice NV Ramana lighting the lamp. Also seen are MD, APN News Rajshri Rai (standing behind him) and Editor-in-Chief India legal Inderjit Badhwar (second from right).

Justice NV Ramana lighting the lamp. Also seen are MD, APN News Rajshri Rai (standing behind him) and Editor-in-Chief India legal Inderjit Badhwar (second from right).

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[vc_row][vc_column][vc_column_text]The conclave, that had two sessions, had a line up of speakers that included some of the best authorities to speak on the subject. Other than Justice NV Ramana of the Supreme Court, among those who spoke are: PK Malhotra, former law secretary; Justice BN Srikrishna, former SC judge; Editor-in-chief, India Legal, Inderjit Badhwar; Justice Pradeep Nandrajog, chief justice of the Bombay High Court.

The event is a launch pad for a series of conclaves being held nationwide on a wide range of contemporary legal issues with the participation of sitting judges of the Supreme Court and High Courts and several other legal luminaries and thought leaders. The SCBA which works tirelessly towards protecting the interests of the Supreme Court lawyers is an important pillar of our legal system. The ENC Group-promoted ILRF, is a non-profit organization which is committed to bring justice to those who deserve it but cannot afford it.

India legal is the first and only weekly, independent politico-legal magazine that covers an entire gamut of legal news and developments in the country and which  has constantly endeavoured to promote the cause of legal education. This approach also forms the bedrock of media initiatives of the ENC group, including the widely acclaimed news channels, APN TV and N1 News.  The ENC Group takes great pride and responsibility in promoting new ideas, initiatives, and recommendations for the benefit of not only the legal fraternity but also society at large. It is in continuing with this tradition that the Legal Leadership Conclave is being held today. The event is being held in partnership with the Supreme Court Bar Association (SCBA) and India Legal Research Foundation (ILRF), APN TV and Nepal 1.

The IBC has emerged as the topic for discussion, the reasons for which are not hard to fathom. Before the introduction of the IBC, it took companies about four to five years to dissolve their operations; now the time has dropped drastically to a year.

However, as with any new legislation, the IBC’s smooth implementation has been riddled with many issues that had not been thought of at the time of drafting the legislation. Some of these issues have been addressed by way of legislative amendments and court orders while many more were discussed at the daylong conclave.

As mentioned above, the conclave was held in two sessions.

The Technical Session I

Subject: Opportunities and Challenges for IBC

The speakers at the session included Mukulita Vijayawargiya, member (IBBI); VP Singh (NCLT member); Mohan Bhaskar Pantulu (NCLT member); TK Vishwanathan, former secretary general, Lok Sabha; and Som Sekhar Sundaresan, advocate. Justice BR Gavai of the Bombay High Court chaired the panel.

Technical Session II

Subject: Impact of IBC on business establishments and the real estate sector

The speakers at this session were: Ravi Kumar Duraisamy (member NCLT); Justice J Bharati Dangre of the Bombay High Court; Justice V. Nallasenapathy (member NCLT); Soli Cooper, advocate; OP Bhatt, director ONGC and ex-chairman IBA; Jana Kalyan Das, senior advocate; and former SCBA president PH Parekh. Justice Dangre was the chairperson of the session

There were two rounds of Q&A where discerning questions related to IBC were asked.

Valedictory Session

This was attended by Justice Nandrajog, Justice Ramana and senior advocate Janak Dwarka Das. Justice Ramana concluded the event

The Vote of Thanks was delivered by India Legal’s Editor-in-Chief Inderjit Badhwar.

Read the full speech of Justice N V Ramana here

Watch the full speech here

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In Manipur, Kuki-Zo groups launch counter-economic blockade

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Kuki-Zo organisations on Thursday launched a counter-economic blockade in Manipur, demanding that the Centre and the state government ensure uninterrupted movement of essential commodities to the hill districts amid renewed tensions over access to the highways.

The counter-blockade comes in response to the ongoing disruption of traffic on Manipur’s major transport routes with Kuki-Zo groups alleging restrictions on goods have hit residents of hill areas. They urged authorities to restore the free movement of food, medicines, fuel and other essential supplies, saying civilians should not bear the weight of the ongoing ethnic conflict.

In a joint statement, the organisations said the protest would continue until the government took concrete steps to guarantee safe passage for essential commodities and secure national highways. They also appealed to the authorities to prevent any further obstruction to the supply chain and ensure that relief and emergency services remain unaffected.

The development follows heightened tensions over the movement of vehicles on Manipur’s trunk routes, which serve as the primary lifeline for transporting goods across the state. The blockade is expected to impact logistics and transportation if the deadlock continues.

Security has been tightened along vulnerable stretches of highways, with additional personnel deployed to maintain law and order and facilitate the movement of essential supplies. Officials said the administration is monitoring the situation and is making efforts to prevent further escalation while ensuring that basic commodities continue to reach affected areas.

Manipur has witnessed repeated disruptions to road connectivity since ethnic violence erupted in the state, with competing blockades affecting supply of essential goods and normal life. The latest counter-blockade highlights the continuing challenges facing the administration in restoring stability and maintaining uninterrupted access to critical transport routes.

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Can’t lathicharge a peaceful protest, says Supreme Court

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Supreme Court

The Supreme Court on Monday questioned the Delhi Police action leading to lathicharges during the student protest at Jantar Mantar on July 20.

The bench of Chief Justice of India Justice Surya Kant, Justice Joymalya Bagchi and Justice V. Mohana observed that a peaceful protest can’t be net with a lathicharge. The court made the remarks while hearing petitions against excessive force used by Delhi Police against students protesting irregularities in the NEET-UG 2026 examination and other public examinations.

The court said the right to peaceful and lawful protest is under the protection of the Constitution. The court observed that the presence of a protest can’t be a ground for police action and said that any allegation of police excess has to be independently examined.

The petitions concern the events of July 20, when thousands of students and supporters of the Cockroach Janta Party tried to march from at Jantar Mantar to Parliament as the Monsoon Session opened. The protesters were demanding action on paper leaks, examination system reforms and government accountability.

Police said they had stopped the march because of security concerns and restrictions in central Delhi. There was a clash later and police used tear gas and lathi charge to disperse the crowd. Over a 100 protesters and a similar number of police were injured in the incident.

The petitioners had sought an independent probe into the police action during the hearing. They also demanded the retention of CCTV footage, body-camera recordings and other electronic evidence, as well as compensation for those injured in the crackdown.

The case comes amid a nationwide debate over reforms of examinations and the handling of student protests. The Centre has brought in legislative measures to strengthen anti-paper leak laws, even as student organizations continue to demand greater accountability.

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Bill against paper leaks eclipsed by Opposition push for Amit Shah reply

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Amit Shah

The Monsoon Session of Parliament witnessed Opposition-Government scenes on Monday as Union Minister Dr. Jitendra Singh introduced the Public Examinations (Prevention of Unfair Means) Amendment Bill, 2026 in the Lok Sabha.

The Bill aims to strengthen laws against examination paper leaks and organized cheating following the NEET-UG 2026 controversy.

During the discussions, the Opposition Congress demanded Home Minister Amit Shah’s reply to allegations of police excesses on July 20 during the Cockroach Janta Party (CJP) march to Parliament. Over 100 students were treated for injuries ranging from fractures to pellet wounds. CRPF personnel have confirmed seven rounds of pellets were fired and five rounds were fired at the students.

Congress leader Pawan Khera said such force should not have been used against the students and the Home Minister must reply to the allegations. Following disruptions, the House was adjourned several times.

The legislation seeks to impose stricter penalties for paper leaks, organized examination fraud, and other unfair practices. It also provides for faster investigations, time-bound trials, and the establishment of a STF to investigate major examination-related offenses. According to the government, the amendments are intended to improve transparency, protect the credibility of public examinations, and restore students’ confidence in the system.

The Congress and several Opposition parties demanded a detailed discussion in both the Lok Sabha and the Rajya Sabha, arguing that the government must be held accountable for both the examination irregularities and the police response.

The debate comes days after the resignation of former Union Education Minister Dharmendra Pradhan, following weeks of nationwide protests over paper leaks and examination malpractice. While the Centre has announced reforms and introduced the amendment Bill, Opposition leaders maintain that legislative changes alone are insufficient without fixing responsibility for the controversy and the police action against students.

The government defended its response, stating that it has initiated investigations into examination fraud, introduced stricter legal provisions, and taken steps to strengthen the security of public examinations. Parliamentary Affairs Minister Kiren Rijiju urged MPs to participate in the debate and allow the House to function smoothly instead of disrupting proceedings.

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