TOP LEGAL DEVELOPMENTS THIS WEEK [20-26 July, 2026] | From the Education Minister’s Resignation to Children’s Fundamental Right to Play
A quick roundup to cover all the important legal developments and cases this week.
Presidency-Towns Insolvency Act
Pre-2016 DRT Recovery Certificate Is Not “Decree or Order” u/S. 9(2), Presidency-Towns Insolvency Act; Cannot Trigger Insolvency Proceedings: Supreme Court
The Court stated that the 2016 Amendment to the Recovery of Debts and Bankruptcy Act, 1993 had created a legal fiction operating prospectively and did not affect proceedings instituted before its enactment.
Explained| Supreme Court verdict upholding constitutional validity of provisions relating to Personal Guarantors in IBC
“The principle aims of IBC are to promote investment, and resolution of insolvencies of corporate persons, firms, and individuals in a time bound manner. The IBC consolidated and amended a web of laws which had led to an ineffective and inefficient mechanism for resolution of insolvencies marked with significant delay”
