bankruptcy code

Analysis of Insolvency and Bankruptcy Code (Amendment) Act, 2018

Corporate Law - This is an comparitive analysis which shows the new amendments that are being made or new sections are being inserted in Insolvency and Bankruptcy Code,2016...

Read More

The Forensics in Insolvency and Bankruptcy Code

Corporate Law - Transactions specifically related to Sections 43 to 46 and Section 66 of the Insolvency and Bankruptcy Code, 2016 are being looked at by the forensic experts. These sections deal with identifying preferential and undervalued transactions, and those deliberately entered into to defraud creditors. ...

Read More

Corporate Insolvency and its Resolution under Insolvency and Bankruptcy Code, 2016

Corporate Law - As you are aware, the Insolvency and Bankruptcy Code, 2016 (the Code) provides for a specialized forum to oversee insolvency and liquidation proceedings for individuals, firms and Corporates. Insolvency Proceedings under the Code can be initiated against a Company (Corporate Debtor) by a Financial Creditor (Sec 7), an Operational Creditor...

Read More

Insolvency and Bankruptcy Code– brighter days post budget?

Corporate Law - As of June 2016, the total amount of gross non-performing Assets (NPAs) for public and private sector banks amounted to approximately ₹6 lakh crore. The economy remained clogged with the whopping amount of NPAs due to lack of any effective mechanism to deal with the same. ...

Read More

Liquidation of Corporate Debtor: Numerous swing for Corporate Debtor and its associates

Corporate Law - Since inception, Insolvency and Bankruptcy Code, 2016 (‘Code’), has made great strides. As per the Financial Stability Report of the RBI, this Code that came into existence only in December, 2016, had around 4300 applications registered with the National Company Law Tribunal (‘NCLT’) by November, 2017. ...

Read More

IBBI seeks public comments on contents of Request for Proposal (RFP)

Corporate Law - IBBI seeks public comments on contents of Request for Proposal (RFP) for inviting resolution plans for a corporate debtor going through Corporate Insolvency Resolution Process (CIRP) under Insolvency and Bankruptcy Code, 2016....

Read More

IBC Mechanism Being Used Actively to Resolve NPA Problem, Asserts Economic Survey

Corporate Law - The IBC mechanism is being used actively to resolve the NPA problem of the banking sector. A major factor behind the effectiveness of the new Code has been the adjudication by the Judiciary. The Code prescribes strict time limits for various procedures under it. In this process, a rich case-law has evolved, reducing future legal uncertai...

Read More

IBBI has No Association with ‘IBBI Insolvency Practitioners LLP’

Corporate Law - It has come to the notice of the Insolvency and Bankruptcy Board of India (IBBI) that there is a Limited Liability Partnership (LLP) by the name IBBI Insolvency Practitioners LLP...

Read More

3 Companies Act amendments having impact on Bankruptcy Code

Corporate Law - A few provisions in the Companies (Amendment) Act, 2017 have important bearing on working of Insolvency and Bankruptcy Code, 2016. Section 53 of the Companies Act, 2013 prohibited issuance of shares at a discount. ...

Read More

CBDT relaxes MAT provisions for companies facing Insolvency

Corporate Law - Relaxation in the provisions relating to levy of Minimum Alternate Tax (MAT) in case of companies against whom an application for corporate insolvency resolution process has been admitted under the Insolvency and Bankruptcy Code, 2016 The existing provisions of section 115JB of the Income-tax Act, 1961 (‘the Act’), inter alia, provide...

Read More

Demand notice of unpaid operational debt can be issued by a lawyer on behalf of operational creditor: SC

Macquarie Bank Limited Vs Shilpi Cable Technologies Ltd. (Supreme Court of India) - The present appeals raise two important questions which arise under the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as the Code). The first question is whether, in relation to an operational debt...

Read More

Authorized Representative to File Petition under ‘I&B Code’

Palogix Infrastructure Private Limited Vs. ICICI Bank Limited (NCLAT Delhi) - National Company Law Appellate Tribunal in the matter of Palogix Infrastructure Private Limited Vs. ICICI Bank Limited has promulgated that an Authorized Representative can file petition under Insolvency and Bankruptcy Code, 2016...

Read More

Time to file Appeal in NCLAT against Order of Adjudicating Authority

Amod Amladi V/s. Mrs. Sayali Rane & Anr. (NCLAT Delhi) - Article discusses Time Period for Filing of Appeal in National Company Law Appellate Tribunal (NCLAT) against the order of adjudicating authority in the light of Section 62(2) of Insolvency and Bankruptcy Code, 2016 and NCLAT Judgments in the case of Steam Amod Amladi V/s. Mrs. Sayali Rane & Anr and...

Read More

Perusal of Pending Proceeding before HC after declaration of Moratorium in IBC, 2016

Steamline Industries Ltd Vs. Tecpro Systems Ltd (NCLAT Delhi) - In this editorial author discusses Judgment National Company Law Appellate Tribunal (NCLAT) in the case of Steamline Industries Ltd Vs. Tecpro Systems Ltd with reference to Section 14(1)(a) and 238 of the nsolvency and Bankruptcy Code, 2016 (IBC, 2016) on the issue Whether Pending Proceeding before...

Read More

Whether POA Holder Can File Application Under IBC, 2016

Shriram EPC Limited Vs. Rio Glass Solar SA (NCLAT Delhi) - The 'I&B Code' is a complete Code by itself. The provision of the Power of Attorney Act, 1882 cannot override the specific provision of a statute which requires that a particular act should be done by a person in the manner as prescribed thereunder. Therefore, we hold that a 'Power of Attorney Hold...

Read More

Confidentiality of Info relating to Insolvency & Bankruptcy Processes

Circular No. IP(CIRP)/007/2018 - (23/02/2018) - An insolvency professional must ensure that confidentiality of the information relating to the insolvency resolution process, liquidation or bankruptcy process, as the case may be, is maintained at all times. However, this shall not prevent him from disclosing any information with the consent of the...

Read More

IBBI: Designated website for publishing Forms under Regulations

Circular No. No. IP(CIRP)/006/2018 - (23/02/2018) - The Insolvency and Bankruptcy Board of India (Board) has specified Forms for publishing Public Announcements and Brief Particulars of Invitations of Resolution Plans on the website, if any, designated by the Board for the purpose under the Insolvency and Bankruptcy Code, 2016 (Code)...

Read More

IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2018

No. IBBI/2017-18/GN/REG/025 - (07/02/2018) - The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 yesterday....

Read More

IBBI (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2018

No. IBBI/2017-18/GN/REG024 - (06/02/2018) - The Insolvency and Bankruptcy Board of India (IBBI) amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 yesterday....

Read More

Corrigendum to Order of constitution of Insolvency Law Committee

No. 30/14/2017 - Insolvency Section - (06/02/2018) - Ministry of Corporate Affairs vide its order dated 16.11.2017 constituted Insolvency Law Committee to examine the suggestions received and related matters regarding provisions of Insolvency and Bankruptcy Code, 2016....

Read More

Recent Posts in "bankruptcy code"

IBBI seeks public comments on contents of Request for Proposal (RFP)

IBBI seeks public comments on contents of Request for Proposal (RFP) for inviting resolution plans for a corporate debtor going through Corporate Insolvency Resolution Process (CIRP) under Insolvency and Bankruptcy Code, 2016....

Read More
Posted Under: Corporate Law |

Confidentiality of Info relating to Insolvency & Bankruptcy Processes

Circular No. IP(CIRP)/007/2018 (23/02/2018)

An insolvency professional must ensure that confidentiality of the information relating to the insolvency resolution process, liquidation or bankruptcy process, as the case may be, is maintained at all times. However, this shall not prevent him from disclosing any information with the consent of the relevant parties or required by law.”...

Read More

IBBI: Designated website for publishing Forms under Regulations

Circular No. No. IP(CIRP)/006/2018 (23/02/2018)

The Insolvency and Bankruptcy Board of India (Board) has specified Forms for publishing Public Announcements and Brief Particulars of Invitations of Resolution Plans on the website, if any, designated by the Board for the purpose under the Insolvency and Bankruptcy Code, 2016 (Code)...

Read More

Analysis of Insolvency and Bankruptcy Code (Amendment) Act, 2018

This is an comparitive analysis which shows the new amendments that are being made or new sections are being inserted in Insolvency and Bankruptcy Code,2016...

Read More
Posted Under: Corporate Law |

The Forensics in Insolvency and Bankruptcy Code

Transactions specifically related to Sections 43 to 46 and Section 66 of the Insolvency and Bankruptcy Code, 2016 are being looked at by the forensic experts. These sections deal with identifying preferential and undervalued transactions, and those deliberately entered into to defraud creditors. ...

Read More
Posted Under: Corporate Law |

Corporate Insolvency and its Resolution under Insolvency and Bankruptcy Code, 2016

As you are aware, the Insolvency and Bankruptcy Code, 2016 (the Code) provides for a specialized forum to oversee insolvency and liquidation proceedings for individuals, firms and Corporates. Insolvency Proceedings under the Code can be initiated against a Company (Corporate Debtor) by a Financial Creditor (Sec 7), an Operational Creditor...

Read More
Posted Under: Corporate Law |

IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2018

No. IBBI/2017-18/GN/REG/025 (07/02/2018)

The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 yesterday....

Read More

IBBI (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2018

No. IBBI/2017-18/GN/REG024 (06/02/2018)

The Insolvency and Bankruptcy Board of India (IBBI) amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 yesterday....

Read More

Corrigendum to Order of constitution of Insolvency Law Committee

No. 30/14/2017 - Insolvency Section (06/02/2018)

Ministry of Corporate Affairs vide its order dated 16.11.2017 constituted Insolvency Law Committee to examine the suggestions received and related matters regarding provisions of Insolvency and Bankruptcy Code, 2016....

Read More

Insolvency and Bankruptcy Code– brighter days post budget?

As of June 2016, the total amount of gross non-performing Assets (NPAs) for public and private sector banks amounted to approximately ₹6 lakh crore. The economy remained clogged with the whopping amount of NPAs due to lack of any effective mechanism to deal with the same. ...

Read More
Posted Under: Corporate Law |
Page 1 of 1812345...10...Last »

Browse All Categories

CA, CS, CMA (3,603)
Company Law (3,641)
Custom Duty (6,789)
DGFT (3,557)
Excise Duty (4,090)
Fema / RBI (3,355)
Finance (3,592)
Income Tax (26,352)
SEBI (2,799)
Service Tax (3,307)

Search Posts by Date

February 2018
M T W T F S S
« Jan    
 1234
567891011
12131415161718
19202122232425
262728