Topic
Axis Bank is a private sector bank headquartered in Mumbai.
11 storiesLatest 16 Oct 2026, 16:39 ISTOfficial website
Courts/
When Jaypee Infratech mortgaged 858 acres to secure its parent's debt, the Supreme Court held the charges were preferential transactions avoidable under Section 43 of the IBC. Here is the defence playbook.
Courts
In Anuj Jain vs Axis Bank (26 February 2020), the Supreme Court unwound Jaypee Infratech's mortgages over 858 acres as preferential and undervalued transactions under Sections 43 and 45 of the IBC.
Courts
The Supreme Court's Vidarbha Industries ruling made NCLT admission of an IBC Section 7 insolvency petition discretionary, not automatic. Here is how borrowers can use that defence, settle, or appeal.
Courts
How a financial creditor uses IBC Section 7 to force a corporate borrower into CIRP over a Rs 1 crore default, the NCLT procedure, and the borrower defences from Innoventive (2017) to Vidarbha (2022).
Courts
Vidarbha Industries (12 July 2022) read may in IBC Section 7(5)(a) as NCLT discretion to refuse a CIRP admission despite a proven Rs 1 crore default - and how 2023 narrowed it.
Courts
Vidarbha (2022) held 'may' in IBC Section 7(5)(a) lets the NCLT refuse admission even when debt and default are proven; Suresh Kumar Reddy (2023) confined that discretion to exceptional cases.
Enforcement
IRDAI, by orders of October 2022, imposed Rs 2 crore on Axis Bank and Rs 3 crore on Max Life over share transactions the Authority found breached its directions on transfers and commission limits.
Courts
In Vidarbha Industries v Axis Bank (12 July 2022), the Supreme Court read "may" in Section 7(5)(a) IBC as tribunal discretion to decline a CIRP petition despite default. Here is what survives after 2023.
Courts
The Supreme Court held that 'may' in Section 7(5)(a) IBC is discretionary, so the NCLT can decline to admit a financial creditor's insolvency petition even when a Rs 1 crore default is admitted.
Courts
Section 7(5)(a) of the IBC 2016 says the NCLT "may admit" a bank's insolvency petition. Vidarbha Industries (2022) made that word matter, and M. Suresh Kumar Reddy (2023) reined it back in.
Courts
Section 18 SARFAESI makes you deposit 25% to 50% of the debt to appeal to the DRAT. Axis Bank v. SBS Organics (22 April 2016) confirms that deposit must be refunded once your appeal is disposed of.
