NCLT: IBC Not a Recovery Tool

21 Sep 2023 CW Team

The National Company Law Tribunal (NCLT) has emphasised that the Insolvency and Bankruptcy Code (IBC) should not be employed as a primary tool for financial recovery in the realm of urban infrastructure. This significant revelation comes as a response to the evolving challenges faced by the infrastructure sector in India.

The NCLT's stance underscores the need for a more nuanced approach in resolving financial distress within the urban infrastructure domain. While the IBC serves as a crucial mechanism for insolvency and debt resolution, relying solely on it for recovery may not be feasible in this context.

This pronouncement reflects the broader concerns surrounding the intricacies of infrastructure projects and their multifaceted financial arrangements. In light of this, stakeholders are urged to explore alternative methods and strategies for addressing financial challenges within the sector, fostering sustainable growth and development.

The NCLT's stance serves as a crucial reminder that the dynamics of the infrastructure sector necessitate tailored solutions, ensuring the stability and vitality of urban infrastructure projects in India.

Infrastructure Urban

01 Aug 2026

AI Data Centre Leaders Map India’s Infrastructure Roadmap

Mumbai, 22 July 2026: As artificial intelligence reshapes global digital infrastructure, industry leaders gathered in Mumbai today at the AI-Powered Data Centre Conference 2026 to discuss how India can build the capacity, technology and ecosystem required to emerge as a global AI infrastructure hub. Organised by ASAPP Info Global Group and conceptualised by FIRST Construction Council, the conference revolved around the theme, “From Capacity Gap to AI Superpower: Building India's Digital Backbone for the Intelligence Economy.” Bringing together developers, technology providers, enterpr..

SCLR Extension Nears Completion Linking BKC With Signal-Free Route

The Santacruz-Chembur Link Road (SCLR) extension towards Bandra-Kurla Complex (BKC) via the Mumbai University campus has entered its final stage, bringing motorists closer to a direct, signal-free connection between the Western Express Highway and the city’s commercial district. The elevated connector is being built as an arm from the SCLR alignment and will link the western suburbs with BKC without surface signals. The link is designed to reduce journey times for commuters travelling from the western suburbs to BKC and to improve access to eastern Mumbai. By carrying through traffic above s..

Raiganj MP Seeks Bengal Only Highway Link To Siliguri

Raiganj Member of Parliament Kartik Chandra Paul met Union Minister for Road Transport and Highways Nitin Gadkari in New Delhi to press for a new stretch of national highway in North Dinajpur district. He urged approval for a Bengal-to-Bengal link that would connect National Highways 12 and 27 to allow vehicles bound for Siliguri to avoid the current route through Kishanganj in neighbouring Bihar. He also submitted a proposed alignment of the new road to the ministry for consideration. At present vehicles from Raiganj travel along NH-12 and join NH-27 at Purnia More in Dalkhola, a route that p..