IBBI Discussion Paper on Streamlining the Voluntary Liquidation Process: A Comprehensive Analysis

IBBI Discussion Paper on Streamlining the Voluntary Liquidation Process: A Comprehensive Analysis

Introduction The Insolvency and Bankruptcy Board of India (IBBI) has released a discussion paper on streamlining the voluntary liquidation process. The paper proposes a number...

Summary of Changes in CIRP Regulation introduced on 18th September, 2023

 Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2023 (CIRP Amendment Regulations) IBBI Amends the CIRP Regulations to...

IBBI Cancels Valuer’s Registration for Concealing Criminal Proceedings

Insolvency and Bankruptcy Board of India (IBBI) has issued an order to cancel the registration of Mr. Venkata Krishna Srinivasa Raju Penmetsa as a...

New Regulatory Fees Introduced in Insolvency and Bankruptcy Code

The Government has notified vide Notification No. IBBI/2022-23/GN/REG096, Dated: 20-09-2022, the IBBI (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2022. A new regulation...

New Revised Fees applicable for Limited Insolvency Examination and Valuation Examinations

IBBI conducts the Limited Insolvency Examination (LIE) in pursuance to regulation 3 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016. The said regulation...
NCLT

CoC Wisdom Cannot be Appealed in NCLT or NCLAT

Vallal RCK Vs Siva Industries and Holdings Limited And Ors. (Supreme Court Of India) The Supreme Court on Friday said it has time and again...
IBBI

IBBI’s data reveals recovery from insolvency and bankruptcy cases at 24% in FY-21

Recovery from all insolvency and bankruptcy cases, excluding the top nine cases referred by the Reserve Bank of India, stood at 24% as of March...
MSME

MSMEs requesting suspension of Insolvency proceedings, but MCA is not in favour

The government seems to be in no mood to suspend the Insolvency process, even as smaller companies have requested the Corporate Affairs Ministry to...
IBC

An Analysis of Residuary Jurisdiction of NCLT in reference to Section 60(5) of Insolvency...

Pursuant to Section 60(5) of the Insolvency and Bankruptcy Code, 2016 (Code) the National Company Law Tribunal (NCLT) is bestowed with the jurisdiction to...
NCLT

National Company Law Tribunal’s Delhi bench appointed an Interim Resolution Professional to conduct...

The National Company Law Tribunal’s (NCLT) Delhi bench has appointed an Interim Resolution Professional (IRP) to start a Corporate Insolvency Resolution Process (CIRP) against...
ibbi

Madras HC on 2019 IBC Amendment: Legislators never intended to beeline Tax authorities before...

The Madras High Court while commenting on the  effect of 2019 Insolvency and Bankruptcy Code, 2016 (IBC) amendment said that Legislators never intended to...
IBBI

Information Utility- a boon for creditors

One of the biggest challenges faced by business entities, especially the smaller ones, is management of receivables and the risk of receivables turning into...

Rules notified by Insolvency & Bankruptcy Board (IBBI) for new pre-packaged resolution process

The rules specify that the resolution professional and all partners and directors of the insolvency professional entity have to be independent of the debtor. The Insolvency...
MCA: IBBI (Annual Report) Amendment Rules, 2020 got notified.

MCA: IBBI (Annual Report) Amendment Rules, 2020 got notified.

The Ministry of Corporate Affairs (MCA) published a notification on 10 September 2020 that notified the Insolvency and Bankruptcy Board of India (Annual Report)...
IBBI compulsories Voting by Creditors on all Resolution Plans.

IBBI compulsories Voting by Creditors on all Resolution Plans.

According to the new amendment made in Insolvency and Bankruptcy Code, the Creditors and Home-Buyers will now be able to vote on all eligible...
IBBI Derecognizes 13 Insolvency Professional Entities

IBBI Derecognizes 13 Insolvency Professional Entities

Vide Order No. F. No. IBBI/IPE/01/2019 dated 17th January, 2019, The Insolvency and Bankruptcy Board of India (Board) has de-recognized 13 Insolvency Professional Entities...