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Latest Case Law Related to IBC – January-Mar, 2024

Corporate Law : Explore recent Supreme Court rulings on dissenting creditor rights and set-off claims in insolvency cases. Detailed analysis of ke...

May 16, 2024 282 Views 0 comment Print

IBC: Liquidation Process Amendments 2024 by IBBI

Corporate Law : Explore the recent amendments to the IBBI (Liquidation Process) Regulations, 2016, enhancing stakeholder oversight and streamlinin...

February 22, 2024 1053 Views 0 comment Print

Analysis of IBBI (CIRP) (Amendment) Regulations, 2024

Corporate Law : Discover the latest amendments by IBBI to the CIRP regulations, enhancing transparency and accountability. Learn about changes lik...

February 20, 2024 462 Views 0 comment Print

Latest Case Law Related to IBC – October to December 2023

Corporate Law : Explore significant legal developments, Supreme Court verdicts, and detailed analyses in the Q4 2023 newsletter. Stay informed on ...

February 19, 2024 1239 Views 0 comment Print

Analysis of Amendments to IBBI (CIRP) Regulations, 2016

Corporate Law : Explore the key modifications in IBBI(CIRP) Regulations 2016 Amendments, enhancing transparency, voting procedures, cost approval,...

February 18, 2024 597 Views 0 comment Print

Latest News

Discussion paper on Strengthening process of issuance of record of default by Information Utility

Corporate Law : Explore proposals to enhance IU's Record of Default issuance process for swift insolvency proceedings. Details on objectives, stat...

May 10, 2024 129 Views 0 comment Print

Notice inviting comments, by MCA, on review of rules prescribed under IBC 2016

Corporate Law : Join the discussion on MCA's proposed changes to Insolvency and Bankruptcy Code rules. Learn how to participate and share your ins...

April 19, 2024 597 Views 0 comment Print

MCA Unveils Draft Policy for Transparent Rule & Regulation Making

Corporate Law : Explore the Ministry of Corporate Affairs draft policy for pre-legislative consultation and a comprehensive review of rules and re...

January 16, 2024 432 Views 0 comment Print

IBBI – Valuation Examination- FAQs

Income Tax : Explore frequently asked questions about the Insolvency and Bankruptcy Board of India (IBBI) Valuation Examinations effective from...

December 26, 2023 2325 Views 0 comment Print

Insolvency Professionals Appointment Guidelines 2023 by IBBI

Corporate Law : Explore the Insolvency and Bankruptcy Board of India's latest guidelines (2023) for appointing Interim Resolution Professionals, L...

December 8, 2023 1731 Views 0 comment Print

Latest Judiciary

NCLAT Grants Relief to SBI: Time for Rejoinder Extended

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...

May 16, 2024 66 Views 0 comment Print

Liquidator Fees under Regulation 4(2)(b): NCLAT Delhi Ruling

Corporate Law : Analysis of Ashok Kumar Gulla vs State Bank of India case on payment of liquidator fees under Regulation 4(2)(b) of Liquidation Pr...

April 23, 2024 345 Views 0 comment Print

NCLT Approves Resolution Plan for NSL Mining Resources

Corporate Law : NCLT Hyderabad approves B&B Global Enterprises' resolution plan for NSL Mining Resources, emphasizing compliance with IBC regulati...

February 13, 2024 216 Views 0 comment Print

Shareholder Has ‘No Locus Standi’ to Challenge Resolution Plan: NCLAT Chennai

Corporate Law : Explore the NCLAT Chennai judgment on Ramesh Kesavan Vs CA Jasin Jose. CoC's approval of Resolution Plan below Liquidation Value a...

February 8, 2024 534 Views 0 comment Print

Liquidator acted in undue haste directed to freshly conduct private sale of corporate debtor: NCLT Indore

Company Law : NCLT Indore held that liquidator who acted in undue haste in conducting private sale of the corporate debtor as a going concern in...

February 7, 2024 276 Views 0 comment Print

Latest Notifications

Uploading of judicial orders related to insolvency proceedings by Insolvency Professionals

Corporate Law : Stay updated with IBBI's latest directive for Insolvency Professionals (IPs) to upload judicial orders related to insolvency proce...

May 9, 2024 219 Views 0 comment Print

Partial modification to IBBI’s 2023 circular on liquidators’ fees

Corporate Law : Learn about the partial modification to IBBIs 2023 circular on liquidators' fees. Analysis of changes and their impact on insolven...

April 18, 2024 495 Views 0 comment Print

IBBI warns & Penalises IP for not representing CD before NCLT effectively

Corporate Law : Read the detailed analysis of the Insolvency and Bankruptcy Board of India's disciplinary action against Ms. Jovita Reema Mathias ...

April 12, 2024 291 Views 0 comment Print

IBBI suspends IRP for sharing asset memorandum with prospective bidders

Corporate Law : Read about the IBBI's disciplinary action against Mr. Venkata Sivakumar, an Interim Resolution Professional, for sharing asset mem...

April 9, 2024 222 Views 0 comment Print

IBBI Disciplinary Committee disposes Chetan Patel Case

Corporate Law : Read about the case involving Chetan Patel, an Insolvency Professional, with detailed analysis of alleged contraventions and submi...

April 3, 2024 246 Views 0 comment Print

IP cannot appoint related parties to provide support services in CD: IBBI

April 12, 2022 1020 Views 0 comment Print

Under the Code, RP plays a central role in resolution process of the CD, he is appointed by the Adjudicating Authority as an officer of the Court to conduct the resolution process and it is the duty of RP to conduct CIRP with integrity and accountability in the process and to take reasonable care and […]

IBBI clarifies on Temporary Surrender of Professional Membership

April 11, 2022 873 Views 0 comment Print

Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CLARIFICATION No. IBBI/IP/2022 | Dated: 11th April 2022 To All Registered Insolvency Professional Agencies (By mail to registered email addresses and on website of the IBBI) Dear Madam/Sir, Subject: Clarifications with respect to Temporary Surrender of Professional Membership In view of the provisions […]

IBBI bars IP for 2 years for not conducting CIRP as per IBC 2016 provisions

April 8, 2022 684 Views 0 comment Print

The DC observes that Mr. Singh’s conduct displays a lack of understanding of the Code and the Regulations made thereof as the CIRP is a strictly time bound mechanism and he continued to justifies the delay on the pretext awaiting the decision of the AA on the issue of Corporate Guarantors to constitute the CoC. […]

Registered Valuer Fails to inform about Registration of FIR – IBBI directs RV to be extremely careful, diligent & responsive

April 8, 2022 957 Views 0 comment Print

IBBI notes that delay by Mr. Gupta in providing relevant information to the Authority occurred due to the fact, as submitted by Mr. Gupta, that he was not aware of the filing of FIR against him and he came to know about the lodging of the FIR from the RVO on 26.08.2021. The Authority accepts […]

CIRP Regulation: Delay in circulation of minutes of meeting due to holidays

April 8, 2022 2751 Views 0 comment Print

With regard to the issue of the delay in circulation of the CoC minutes, the regulation 24(7) of the CIRP Regulation states that: 24. Conduct of meeting. (7) The resolution professional shall circulate the minutes of the meeting to all participants by electronic means within forty-eight hours of the said meeting. The DC notes the […]

No violation of IBC code if IP not able to appoint registered valuers due to circumstances beyond his control

April 8, 2022 1284 Views 0 comment Print

The DC notes the submission of Mr. Gupta, that despite his best efforts, he did not get any information, documents, records or books of account of the CD and he had to struggle to get hold of the relevant documents, records and information relating to the CD. The DC also notes the submission of Mr. […]

IBBI Discussion Paper on Enhancing effectiveness of Information Utility

April 8, 2022 540 Views 0 comment Print

IBBI Discussion Paper on Enhancing effectiveness of Information Utility seeks to address the issue of delay in admission of application for initiation of corporate insolvency and resolution process (CIRP).

No contravention of IBC Code of Conduct by RP if he takes Insurance cover for himself & insolvency professional entity

April 7, 2022 1317 Views 0 comment Print

The issue before the DC is whether taking insurance cover for Ernst & Young LLP, apart from himself and the insolvency professional entity i.e. Ernst & Young Restructuring LLP, was in contravention of the provisions of the Code, Regulations and the Code of Conduct made thereunder. The DC notes that since the RP and his […]

No violation if IRP allowed higher interest rate as per RERA Court order

April 6, 2022 2004 Views 0 comment Print

The DC notes the submission of Mr. Singal that admission of higher interest was not possible if claims were continued to be classified under FC in class category and since in RERA decree, the Hon’ble Court has allowed interest ranging from 8-18% and, therefore, he had no option but to allow them interest as per […]

IBBI suspends registration of Registered Valuer Entity for disqualification of its director

April 6, 2022 966 Views 0 comment Print

In the instant matter, the Authority notes that the limited issue for consideration before it is whether suspension of one of the directors of the Yardi Prabhu Consultants & Valuers Pvt. Ltd., Registered Valuer Entity (RV-E) affects the eligibility of the valuer for continuing as RV. In this regard, the Authority notes that as per […]

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May 2024