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Insolvency of Platform Businesses with Customer Wallets: Locating the Legal Character of the Digital Balance
Introduction : Digital platforms in e-commerce, online gaming, travel booking, and fintech regularly hold money in a manner that is not truly on behalf of the customer. A wallet balance resulting from a cancelled order, a refund held as "store credit," a stake deposited for an online contest, or a balance prepaid into the account of a travel aggregator are each, in effect, a sum of money that has been paid by the customer, and retained by the entity in anticipation of its own
1 day ago13 min read


Demystifying Insolvency vs Bankruptcy under the Insolvency and Bankruptcy Code, 2016: Why Terminological Confusion Still Persists in Practice
Introduction : Terms in law are not synonymous as even words that might have a similar meaning can be completely different in their impact and therefore, the consequences. One such set of words which are similar in everyday language yet completely different in the legal language are “insolvency”, “bankruptcy”, “liquidation” and “winding up”. A layman might use them synonymously but the issue arises when such usage also happens within the legal world where it has significant r
Aug 317 min read


Non-existent precedents and Judicial diligence: An Analysis of NCLT orders relying on Hallucinated Precedents
Introduction : Artificial intelligence in the legal field has aided in the exploration of legal research but this benefit comes at the cost of a dangerous form of vulnerability in the form of hallucinations. AI-generated responses often reflect reasonable citations, real-looking case names and sound legal reasoning, which gives researchers a sense of false confidence. The ultimate result of this confidence is compromise in the integrity of the judicial process by mitigating t
Aug 267 min read


IBC treatment of subsidiaries during group resolution: The Supreme Court’s 2026 discussion of corporate separateness and subsidiaries in CIRP
Introduction : A company incorporated and registered under the Companies Act, 2013, acquires the status of a separate legal entity. In the eyes of the law, it is an artificial person having a separate legal personality from its shareholders, meaning a company has the power to sue and be sued in its own name. When a company defaults, the members are not personally liable for the injury caused. However, in certain circumstances, the law holds its members personally liable, wher
Aug 2210 min read


When Homebuyers Win: The Supreme Court's Landmark Ruling on Corporate Veil, IBC, and Stalled Real Estate Projects
Introduction There is something deeply unsettling about watching ordinary people, salaried employees, retired couples, and young families wait a decade for a flat they paid for in full, while authorities and corporations argue in courts over who bears responsibility. That, in essence, is the human story behind Alpha Corp Development Private Limited v. Greater Noida Industrial Development Authority & Others, decided by the Supreme Court of India on May 5, 2026. The case is not
Jun 237 min read
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