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Anuj Pandey

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IBBI Circular for Filing Forms to monitor liquidation processes under IBC, 2016

July 1, 2024 183 Views 0 comment Print

Learn about IBBI Circular No. IBBI/LIQ/73/2024, its purpose, form details, and filing process for efficient liquidation monitoring under the Insolvency and Bankruptcy Code.

IBBI Circular on Filing Forms for Monitoring Voluntary Liquidation Processes

June 30, 2024 216 Views 0 comment Print

Discover IBBI Circular No. IBBI/LIQ/74/2024 dated 28-06-2024 on voluntary liquidation processes under the Insolvency and Bankruptcy Code, streamlining compliance for Insolvency Professionals (IPs).

Know all about Authorised Representative under IBC, 2016

June 25, 2022 8274 Views 0 comment Print

The amendment introduced in the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 promulgated on 6 June 2018. Vide this amendment new concept has been introduced i.e. appointment of Authorised Representative for ‘class of creditors’.

 Introduction of National Financial Reporting Authority (NFRA)

January 17, 2022 16299 Views 1 comment Print

NFRA is an independent regulator to oversee the auditing profession and accounting standards in India under the Companies Act, 2013. Section 132 of Companies Act, 2013 which deals with provisions relating to NFRA. It came into existence in October 2018 and having its offices at New Delhi. The present chairperson of it is Mr. Ashok […]

Know All About Resolution Professional under IBC, 2016

November 3, 2019 17379 Views 2 comments Print

Know all about Resolution Professional under Insolvency and Bankruptcy Code (IBC), 2016 Contents of the Article: Resolution Professional (RP); Provision for appointment of Resolution Professionals Replacement of RP; RP Shall carry out CIRP and tenure of RP Duties of RP Resolution Professional (RP) “Resolution Professional”, means an insolvency professional appointed to conduct the corporate insolvency […]

Know all about Interim Resolution Professional under IBC

September 24, 2019 20643 Views 2 comments Print

Article explains about Eligibility of Insolvency Professional, Appointment of Interim Resolution Professional, Tenure of Interim Resolution Professional and Management of affairs and Business of the corporate debtor after appointment of Interim Resolution Professional under IBC. Eligibility for Insolvency Professionals:- [Regulation -4 of IBBI (Insolvency Professional Regulations, 2016] No individual shall be eligible to be registered […]

Information memorandum under Insolvency and Bankruptcy Code, 2016

July 20, 2019 26343 Views 1 comment Print

Definition of Information Memorandum under IBC. Section-5 (10) information memorandum means a memorandum prepared by resolution professional under sub-section (1) of section 29;

All about resolution plan under Insolvency and Bankruptcy Code, 2016

July 16, 2019 74391 Views 3 comments Print

Resolution Plan A resolution plan is a proposal that aims to provide a resolution to the problem of the corporate debtor’s insolvency and its consequent inability to pay off debts. It needs to be approved by the committee of creditors (“COC”), and comply with mandatory requirements prescribed in IBC. Section 5(26) of IBC, 2016 -“Resolution […]

Moratorium under Insolvency And Bankruptcy Code, 2016

August 11, 2018 28020 Views 0 comment Print

The Moratorium, as envisaged in the Insolvency and Bankruptcy Code comes into effect immediately after the application under section 7, 9 or 10 of the Code, as the case may be, is admitted by the adjudicating authority. The day the insolvency application is admitted and moratorium is applied is referred to as the ‘Insolvency Commencement Date’.

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July 2024