IBBI

Insolvency & Bankruptcy Code – New Law on Horizon Of India

Corporate Law - This law which I am going to discuss is mainly for the benefit of Individual to Corporate Sector who are dealing with the Corporate Sector i.e. Public Limited Companies, Private limited Companies & Limited Liability Partnerships( LLPs)....

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First Information Utility set up under IBC

Corporate Law - The Insolvency and Bankruptcy Board of India (IBBI) has granted the final approval to National e-Governance Services Ltd. (NeSL), allowing it to become the first information utility (IU) under the Insolvency and Bankruptcy Code, 2016 (the Code). Earlier in June, 2017, IBBI had granted an in-principle approval to NeSL to establish the IU....

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What is difference between Insolvency and Bankruptcy?

Corporate Law - ♠ The term insolvency is used for both individuals and organizations. For individuals, it is known as bankruptcy and for corporate it is called corporate insolvency. Both refer to a situation when an individual or company are not able to pay the debt in present or near future and the value of assets held by […]...

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Whether “Home Buyer” can initiate Insolvency Process- IBC

Corporate Law - In this flash tabloid, the writer initiates by speak of the provisions of Insolvency & Bankruptcy Code, 2016 (hereafter referred as IBC) in relation to treatment of advance amount of Home / Flat buyer against the corporates....

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Process how Homebuyers can Claim Refund – Jaypee Infratech

Corporate Law - In this editorial author discuss the provisions of IBC, 2016 in relation to claim of home buyers from Insolvency Resolution Professional. The author shall discuss the situation of home buyers of Jaypee Infratech along with IBC (Insolvency Resolution Process form Corporate Person) (Amendment) Regulations, 2017. ...

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IBBI strengthens its Due Diligence Framework under IBC, 2016

Corporate Law - Now prior to approval of a Resolution Plan, the Resolution Applicants, including promoters, will be put to a stringent test with respect to their credit worthiness and credibility; Amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Resolution Process, 2016 impose a greater responsibility on the Resolution Profess...

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IBBI invites public comments on two Draft Insolvency rules

Corporate Law - IBBI invites public comments on (i) Draft Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Individuals and Firms) Rules, 2017, and (ii) Draft Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Individuals and Firms) Regulations, 2017 by 31st October, 2017. ...

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IBBI constitutes Working Group to implement IBC, 2016

Corporate Law - The Insolvency and Bankruptcy Board of India has constituted a Working Group for recommending the strategy and approach for implementation of the provisions of the Insolvency and Bankruptcy Code, 2016 to deal with insolvency and bankruptcy in respect of (i) Guarantors to Corporate Debtors, and (ii) Individuals having Business, and draftin...

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Insolvency Professional without Certificate of Registration?

Corporate Law - IBC Code read with the Regulations allow only a person having the required qualification and experience to be enrolled as a member of an IPA and thereafter registered as an IP with the IBBI. Only such a person can act as IP and render services as an IP under the Code. ...

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IBBI announces Second Edition of Limited Insolvency Examination

Corporate Law - The Board specifies the syllabus, format and frequency of the Limited Insolvency Examination under regulation 3(3) of Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 as under:...

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IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2017

Notification No. IBBI/2017-18/GN/REG019 - (07/11/2017) - These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2017....

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IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2017

Notification No. IBBI/2017-18/GN/REG020 - (07/11/2017) - No. IBBI/2017-18/GN/REG020. -In exercise of the powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and Bankruptcy, Code, 2016 (31 of 2016)...

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Clarification on approval of resolution plans U/s. 30 & 31 of IBC, 2016

General Circular No. IBC/01/2017 - (25/10/2017) - Clarification has been sought by stakeholders as to whether approval of shareholders/ members of the corporate debtor/ company is required for a resolution plan at any stage during the process for its consideration and approval as laid down under sections 30 and 31 of the Insolvency and Bankruptcy C...

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Govt delegates power related to valuation of assets by registered valuers to IBBI

F. No. 1/27/2013-CL-V(Part-I) - (23/10/2017) - Central Government hereby delegates the powers and functions vested in it under section 247 of the said Act to the Insolvency and Bankruptcy Board of India, subject to the condition that the Central Government may revoke such delegation of powers or it may exercise the powers under the said section,...

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IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) Second Amendment) Regulations, 2017

Notification No. IBBI/2017-18/GN/REG017 - (05/10/2017) - No. IBBI/2017-18/GN/REG017 These regulations may be called the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2017....

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Recent Posts in "IBBI"

Insolvency & Bankruptcy Code – New Law on Horizon Of India

This law which I am going to discuss is mainly for the benefit of Individual to Corporate Sector who are dealing with the Corporate Sector i.e. Public Limited Companies, Private limited Companies & Limited Liability Partnerships( LLPs)....

Read More
Posted Under: Corporate Law |

IBBI strengthens its Due Diligence Framework under IBC, 2016

Now prior to approval of a Resolution Plan, the Resolution Applicants, including promoters, will be put to a stringent test with respect to their credit worthiness and credibility; Amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Resolution Process, 2016 impose a greater responsibility on the Resolution Profess...

Read More
Posted Under: Corporate Law |

IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2017

Notification No. IBBI/2017-18/GN/REG019 (07/11/2017)

These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2017....

Read More

IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2017

Notification No. IBBI/2017-18/GN/REG020 (07/11/2017)

No. IBBI/2017-18/GN/REG020. -In exercise of the powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and Bankruptcy, Code, 2016 (31 of 2016)...

Read More

Clarification on approval of resolution plans U/s. 30 & 31 of IBC, 2016

General Circular No. IBC/01/2017 (25/10/2017)

Clarification has been sought by stakeholders as to whether approval of shareholders/ members of the corporate debtor/ company is required for a resolution plan at any stage during the process for its consideration and approval as laid down under sections 30 and 31 of the Insolvency and Bankruptcy Code, 2016...

Read More

Govt delegates power related to valuation of assets by registered valuers to IBBI

F. No. 1/27/2013-CL-V(Part-I) (23/10/2017)

Central Government hereby delegates the powers and functions vested in it under section 247 of the said Act to the Insolvency and Bankruptcy Board of India, subject to the condition that the Central Government may revoke such delegation of powers or it may exercise the powers under the said section, if in its opinion such a course of acti...

Read More

IBBI invites public comments on two Draft Insolvency rules

IBBI invites public comments on (i) Draft Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Individuals and Firms) Rules, 2017, and (ii) Draft Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Individuals and Firms) Regulations, 2017 by 31st October, 2017. ...

Read More
Posted Under: Corporate Law |

IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) Second Amendment) Regulations, 2017

Notification No. IBBI/2017-18/GN/REG017 (05/10/2017)

No. IBBI/2017-18/GN/REG017 These regulations may be called the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2017....

Read More

IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2017

Notification No. IBBI/2017-18/GN/REG018 (05/10/2017)

No. IBBI/2017-18/GN/REG018 These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2017....

Read More

IBBI notifies IBBI (Information Utilities) (Amendment) Regulations, 2017

No. IBBI/2017-18/GN/REG016 (29/09/2017)

IBBI had notified the IBBI (Information Utilities) Regulations, 2017 on 31st March, 2017. These regulations provided that ordinarily a person should not hold more than 10% of paid up equity share capital or voting power of an information utility, while allowing certain specified persons to hold up to 25%. These further provided that a ...

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