Tranzission Blogs
328articlesInsights and guides on tax, compliance, and business strategy from Tranzission.
The IBC: What You Need to Know (And What Goes Wrong)
The IBC has reshaped India's insolvency landscape. This practitioner's guide covers the framework, process, recent amendments, impact, and common pitfalls in the Insolvency and Bankruptcy Code (IBC).
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Bidding Process under Regulation 36B
Regulation 36B of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (“CIRP Regulations”), forms the foundation of the resolution plan bidding process within the Corporate Insolvency Resolution Process (CIRP). Its legal foundation is firmly established in the Insolvency and Bankruptcy Code of 2016, specifically Section 30, which authorizes […]
Read moreAre Deep Haircuts Undermining the Purpose of the Code
A “Deep Haircuts” in insolvency resolution is the percentage of debt that creditors must write off or waive, representing the difference between the admitted claim and the actual amount recovered. Recent data show a steep average haircut of 67% for financial creditors under the Insolvency and Bankruptcy Code (IBC), with total recoveries hovering around 33% […]
Read moreBest book for insolvency professional exam
The Insolvency and Bankruptcy Code, 2016 (IBC) is one of India’s most dynamic pieces of legislation, frequently amended, broadly interpreted by courts, and applied to corporate insolvency resolution processes (CIRP), liquidation, personal insolvency, and so on. For the Insolvency Professionals (IP) aspirants, passing the Limited Insolvency Examination (LIE) requires more than just reading the bare […]
Read moreHow CAs Can Build a Successful Career as an Insolvency Professional
Insolvency has emerged as a high-growth career path for Chartered Accountants (CAs), owing to the pressing need to resolve financial distress for thousands of distressed companies in India. CA expertise in finance, auditing, and compliance is critical, allowing professionals to analyze financial statements, perform forensic audits, and navigate complex legal frameworks during resolution processes. The […]
Read moreProven Strategies to Prepare for the Limited Insolvency Exam
The Limited Insolvency Examination (LIE), conducted by the Insolvency and Bankruptcy Board of India, is a rigorously structured, high-stakes professional assessment that serves as a prerequisite for becoming a licensed Insolvency Professional (IP) in India. While its syllabus is extensive—including the Insolvency and Bankruptcy Code, 2016 (the Code), case laws, allied laws, case studies, and […]
Read moreFrom NCLT to NCLAT and the Supreme Court: IBC Appeals Process Explained
Conflicting interests of creditors, debtors, and resolution professionals (RPs) over claims, valuation, and resolution plan approvals often give rise to disputes during insolvency proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC). The IBC offers a structured, tiered appellate process to contest decisions made by the National Company Law Tribunal (NCLT) in order to guarantee […]
Read moreIBBI Discussion Paper on Valuation under IBC: Key Proposals and Their Impact
Valuation is a key component of the Insolvency and Bankruptcy Code (IBC), ensuring that the value of a corporate debtor’s assets is maximized during the Corporate Insolvency Resolution Process (CIRP). It computes fair value—the estimated realizable value of assets under normal market conditions if the business continues as a going concern—and liquidation value, which reflects […]
Read moreHow New Insolvency Changes Aim to Speed Up Resolution in India
The Insolvency and Bankruptcy Code of 2016 (IBC) was enacted to establish a time-bound, creditor-driven framework for resolving financial distress by replacing outdated and fragmented laws. Its primary goal is to ensure that insolvency cases are resolved quickly and within a strict timeline—initially 180 days, extendable up to 330 days—in order to prevent asset value […]
Read moreIBC Reforms 2025: Why Effective CIRP Is Critical Before Liquidation
The core objective of the Insolvency and Bankruptcy Code (IBC), 2016, as stated in its preamble, is to revive corporate debtors and keep them going, with asset value maximization as a primary goal. The IBC framework prioritizes business rescue over liquidation because reviving viable businesses protects jobs, supply chains, and enterprise value that would otherwise […]
Read moreLegal Status of Lien as a Security Interest under the IBC
Section 3(31) of the Insolvency and Bankruptcy Code, 2016 (IBC) defines a security interest as a right, title, interest, or claim to property created in favor of a secured creditor by a transaction that secures the payment or performance of an obligation. This covers any agreement that secures an obligation but expressly excludes performance guarantees, […]
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Group Insolvency under IBC
Corporate groups frequently operate as integrated economic units, with interconnected finances, shared assets, and cross-guarantees that create significant operational and financial dependencies. Treating each entity separately in insolvency proceedings can result in inefficiencies, duplicative efforts, and fragmented creditor coordination. Such fragmentation frequently destroys synergies, making it difficult to maximize the group’s overall value. The current […]
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