IBBI

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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Employees can approach NCLT for recovery of dues under IBC, 2016

Corporate Law - In general parlance, if we consider our global business, it is the fusion of Assets and Liabilities which generates the revenue or surplus or profit, whatever may be terms but finally ends up with one five letter word MONEY for the company....

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Fast Track Insolvency Process of Corporate Person (Chapter IV of Part II of the Code)

Corporate Law - Fast Track Insolvency Process of Corporate Person (Chapter IV of Part II of the Code) SECTION 55 -58 OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016, READ WITH IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 CHAPTER II, PART II OF THIS CODE (Procedural Manner) CHAPTER VII, PART II OF THIS CODE (Offence...

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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 constitutes Committee to lay down Technical Standards

Corporate Law - The Insolvency and Bankruptcy Board of India (IBBI) constitutes Technical Committee to lay down Technical Standards for the performance of core services and other services under IBBI (Information Utilities) Regulations, 2017...

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IBBI Draft regulations for Fast Track Resolution process for Eligible Corporate Persons

Corporate Law - IBBI invites public comments on Draft regulations for Fast Track Resolution process for Eligible Corporate Persons The Ministry of Corporate Affairs had set up four Working Groups to facilitate implementation of the Insolvency and Bankruptcy Code, 2016. The Working Group 3 had a mandate to deliberate and submit its recommendations on rule...

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

Notification No. IBBI/2017-18/GN/REG013 - (16/08/2017) - 1. These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2017...

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

Notification No. IBBI/2017-18/GN/REG014 - (16/08/2017) - 1. These regulations may be called the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2017. 2. They shall come into force on the date of their publication in the Official Gazette....

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IBBI Fast Track Insolvency Resolution Process for Corporate Persons Regulations, 2017

IBBI/2017-18/GN/REG 012 - (14/06/2017) - An insolvency professional shall be eligible to be appointed as a resolution professional for a fast track process of a corporate debtor if he, and all partners and directors of the insolvency professional entity of which he is a partner or director, are independent of the corporate debtor....

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IBBI notifies debtors for fast track corporate insolvency resolution process

Notification No. S.O. 1911 (E) - (14/06/2017) - Central Government hereby notifies that an application for fast track corporate insolvency resolution process may be made in respect of the following corporate debtors under section 55 of the Insolvency and Bankruptcy Code, 2016...

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IBBI notifies Fast Track Insolvency Resolution Process

Notification No. S.O.1910(E) - (14/06/2017) - Central Government appoints 14th day of June, 2017 as date on which provisions of section 55 to 58 (both inclusive) of Insolvency and Bankruptcy Code, 2016 shall come into force....

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Recent Posts in "IBBI"

What is difference between Insolvency and Bankruptcy?

♠ 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 […]...

Read More
Posted Under: Corporate Law |

Whether “Home Buyer” can initiate Insolvency Process- IBC

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....

Read More
Posted Under: Corporate Law |

Process how Homebuyers can Claim Refund – Jaypee Infratech

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. ...

Read More
Posted Under: Corporate Law |

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

Notification No. IBBI/2017-18/GN/REG013 (16/08/2017)

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

Read More

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

Notification No. IBBI/2017-18/GN/REG014 (16/08/2017)

1. These regulations may be called the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2017. 2. They shall come into force on the date of their publication in the Official Gazette....

Read More

Employees can approach NCLT for recovery of dues under IBC, 2016

In general parlance, if we consider our global business, it is the fusion of Assets and Liabilities which generates the revenue or surplus or profit, whatever may be terms but finally ends up with one five letter word MONEY for the company....

Read More
Posted Under: Corporate Law |

Fast Track Insolvency Process of Corporate Person (Chapter IV of Part II of the Code)

Fast Track Insolvency Process of Corporate Person (Chapter IV of Part II of the Code) SECTION 55 -58 OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016, READ WITH IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 CHAPTER II, PART II OF THIS CODE (Procedural Manner) CHAPTER VII, PART II OF THIS CODE (Offence...

Read More
Posted Under: Corporate Law |

Review of RBI directive regarding provisioning on debts referred to NCLT under IBC 2016

Code will facilitate early, transparent and fair resolution of liquidity problems. Hence, the position of lenders under the Code is much better compared to earlier laws as discussed above. Therefore, there is no justification whatsoever in RBI directive to banks to create provision of 50% of the outstanding debt at the time of application...

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Posted Under: Corporate Law |

IBC 2016: A Resolution Mechanism or Recovery Tool or Both

We have a unique law in the name of Insolvency and Bankruptcy Code -2016 in force in whole of India except part 111 shall not extend to the state of Jammu and Kashmir. This Act is called a code and not an Act because it is a compendium of many acts meaning thereby with this code has caused the repeal of many acts...

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Posted Under: Corporate Law |

Over Riding Effect of IBC Code on Other Acts

In this Flash editorial column, the author begins by referring the provisions of Insolvency and Bankruptcy Code, 2016 in relation to section 238 of IBC Code, 2016....

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Posted Under: Corporate Law |
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