Corporate Law : Analyzing the clash between India's Insolvency and Bankruptcy Code (IBC) and the Prevention of Money Laundering Act (PMLA), and th...
Corporate Law : Explore recent Supreme Court rulings on dissenting creditor rights and set-off claims in insolvency cases. Detailed analysis of ke...
Corporate Law : Understand the conditions for complying with a resolution plan under the Insolvency and Bankruptcy Code (IBC) and learn from relev...
Corporate Law : Explore proposed amendments to IBBI (Information Utilities) Regulations aiming to enhance insolvency resolution in India. Analyze ...
Corporate Law : Explore the nuances of voluntary liquidation procedures under Section 59 of the Insolvency and Bankruptcy Code (IBC) with insights...
Corporate Law : Explore proposals to enhance IU's Record of Default issuance process for swift insolvency proceedings. Details on objectives, stat...
Corporate Law : Explore the impact of the LLP (Amendment) Act, 2021 on Ease of Doing Business, startup encouragement, and the introduction of Smal...
Income Tax : Explore frequently asked questions about the Insolvency and Bankruptcy Board of India (IBBI) Valuation Examinations effective from...
Corporate Law : Explore the Insolvency and Bankruptcy Board of India's latest guidelines (2023) for appointing Interim Resolution Professionals, L...
Corporate Law : Explore discussion paper on real estate insolvency reforms, including RERA registration, separate bank accounts, and asset exclusi...
Corporate Law : In the State Bank of India vs. Supreme Panvel Indapur Tollways Pvt. Ltd. case, NCLAT Delhi grants time for rejoinder with a cost o...
Corporate Law : NCLAT Chennai rules against FLSmidth Pvt Ltd, stating liquidator lacks authority to decide matters involving claims and countercla...
Corporate Law : NCLAT held that CoC's decision not to liquidate did not constitute a modification of resolution plan and extension of time for pay...
Corporate Law : NCLAT Chennai held that liability arising from a recovery certificate constitutes a financial debt under IBC. Therefore, applicati...
Corporate Law : The National Company Law Tribunal (NCLT) approved the Resolution Plan, emphasizing the paramount importance of the CoC's commercia...
Corporate Law : Stay updated with IBBI's latest directive for Insolvency Professionals (IPs) to upload judicial orders related to insolvency proce...
Goods and Services Tax : Understand the clarifications on GST dues for taxpayers whose proceedings have been finalized under IBC, 2016, as per Circular No....
Corporate Law : Learn about the partial modification to IBBIs 2023 circular on liquidators' fees. Analysis of changes and their impact on insolven...
Corporate Law : Read the detailed analysis of the Insolvency and Bankruptcy Board of India's disciplinary action against Ms. Jovita Reema Mathias ...
Corporate Law : Read about the IBBI's disciplinary action against Mr. Venkata Sivakumar, an Interim Resolution Professional, for sharing asset mem...
Kotak Mahindra Bank Limited Vs A. Balakrishnan (Supreme Court) Facts- The present appeal challenges the judgment and order passed by NCLAT, thereby allowing the appeal filed by the respondent no. 1 – Director and reversing the order passed by NCLT, whereby the application filed by the appellant under Section 7 of the Insolvency and Bankruptcy Code, 2016 was […]
NCLAT taken view that in ‘CIRP’ Process, Project-Wise Resolution to be started as a test to find out the success of such Resolution. Keeping an eye regarding construction and completion of the projects
Whether after approval of the Resolution Plan by Committee of Creditors (CoC), the claim of the creditors stood extinguished?
Section 7 application under IBC 2016 is not maintainable in case of lack of written document / evidence in the form of loan agreement, promissory note, contract or any document to substantiate its claim that there was a financial debt and a default of the same
Discussion Paper on Remuneration of an Insolvency Professional deals with issue of fee of an insolvency professional (IP) acting as interim resolution professional (IRP)/ resolution professional (RP) in corporate insolvency resolution process (CIRP)
Insolvency and Bankruptcy Board of India Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2022 June 08, 2022 Corporate Insolvency The Insolvency and Bankruptcy Board of India (Board) is required under the Insolvency and Bankruptcy Code, 2016 (Code) to recommend name of an Insolvency Professional (IP) for […]
Guidance note for filing intimations w.r.t. Insolvency and Bankruptcy Code (IBC) / Inter-Creditors Agreement (ICA) Notice No. 20220607-10 Notice Date 07 Jun 2022 Category Circulars Listed Companies Segment Equity Subject Guidance note for filing intimations w.r.t. Insolvency and Bankruptcy Code (IBC) / Inter-Creditors Agreement (ICA) Content The Company Secretary All Listed Companies / Interim Resolution […]
SC held that when 90% or more of the creditors decide that it will be in the interest of all the stake¬holders to permit Settlement Plan filed by promoter of the Corporate Debtor and withdraw Corporate Insolvency Resolution Process as per Section 12A of IBC, 2016, NCLT or NCLAT cannot sit in appeal over such commercial wisdom of Committee of Creditors.
Insolvency and Bankruptcy Board of India Limited Insolvency Examination Division Valuation Examinations Division Circular No. EXAM-13016/1/2022-IBBI | Dated: 06th June 2022 CIRCULAR To, All Test Administrators All Insolvency Professional Agencies All Registered Valuer Organisations All candidates registered in the examination system (Through IBBI website) Dear Sir/Madam Subject: Improvement to the scheme of examinations – frequency […]
Safire Technologies Pvt. Ltd Vs Regional Provident Fund Commissioner (Supreme Court) An appeal against the order of NCLT shall be preferred within a period of 30 days from the date on which the order was passed by the NCLT. The Appellate Tribunal has the power to extend the period of limitation by another 15 days. […]
