Follow Us :


Latest Articles

Exit Strategies for Companies: Understanding Strike Off & Voluntary Liquidation

Company Law : Explore company exit strategies in India: Strike Off under Companies Act, 2013 vs Voluntary Liquidation under IBC, 2016. Understan...

June 22, 2024 441 Views 0 comment Print

Insolvency & Bankruptcy Board of India: Governing Board, Impact functions & powers

Corporate Law : Learn about the Insolvency and Bankruptcy Board of India (IBBI), its functions, impact, and powers. Understand its role in regulat...

May 27, 2024 498 Views 0 comment Print

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 414 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 1179 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 564 Views 0 comment Print

Latest News

IBBI Format for progress report during Liquidation process

Corporate Law : IBBI updates the progress report format for liquidation processes, seeking comments by July 12, 2024. Learn about the new requirem...

June 22, 2024 126 Views 0 comment Print

IBBI Discussion Paper: Proposed Amendments to CIRP Regulations

Corporate Law : IBBI invites comments on proposed amendments to CIRP regulations, focusing on valuation processes, MSME treatment, voting protocol...

June 19, 2024 210 Views 0 comment Print

Discussion Paper on Streamlining CIRP Form Compliance for Insolvency Professionals

Corporate Law : Discover how the latest revisions in CIRP forms by IBBI aim to reduce the compliance burden on insolvency professionals and stream...

June 12, 2024 201 Views 0 comment Print

IBBI Guidelines 2024: Interim Resolution, Liquidation and Bankruptcy Trustees

Corporate Law : The Insolvency and Bankruptcy Board of India issues guidelines for Insolvency Professionals to act as Interim Resolution Professio...

June 5, 2024 333 Views 0 comment Print

CPIO is not bound to provide any advice/guidance or opinion to Appellant

Corporate Law : Delve into the scope of the RTI Act, rights of applicants, and appeal procedures. Learn how to navigate through legal intricacies ...

June 1, 2024 426 Views 0 comment Print

Latest Judiciary

Bombay HC Strikes Down & Upholds Portions of IBBI Circular on Liquidation Assignments

Corporate Law : The Bombay High Court rules on the Insolvency and Bankruptcy Board of India's circular regarding liquidation fees, clarifying IP's...

June 14, 2024 360 Views 0 comment Print

Delhi HC Mandates Ethical Conduct for Liquidators under IBC

Corporate Law : Delhi HC rules on Sundaresh Bhat vs IBBI, emphasizing ethical conduct and fairness for liquidators under IBC. Key insights into th...

June 13, 2024 135 Views 0 comment Print

Only costs directly related to CIRP & approved by CoC can be classified as CIRP costs: NCLAT

Corporate Law : NCLAT Delhi rules on Avil Menezes' appeal regarding CIRP costs in Sunil Hitech vs Abdul Qudduskhan case. Detailed analysis of fabr...

May 31, 2024 195 Views 0 comment Print

Unconditional Withdrawal of SLP – Appeal Not Maintainable: Delhi HC

Corporate Law : Delhi High Court dismisses appeal against IBBI, citing res judicata principle. Full text of judgment and analysis provided....

May 31, 2024 240 Views 0 comment Print

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 99 Views 0 comment Print

Latest Notifications

IBBI dismissed RTI appeal due to vague & unclear information requests

Corporate Law : The IBBI dismissed Ashish Shankar RTI appeal due to vague and unclear information requests. Learn about the decision and its impli...

June 22, 2024 165 Views 0 comment Print

IBBI caution IP to exercise greater caution & diligence in performing his duties

Corporate Law : IBBI's disciplinary order for Mr. Uday Narayan Mitra reveals insights on fees and compliance issues under the Insolvency and Bankr...

June 22, 2024 144 Views 0 comment Print

Copies of correspondence between IBBI & IP to complainant cannot be provided under RTI

Corporate Law : RTI Appeal by Prashant Sheth against IBBI denied due to exemptions under RTI Act. Detailed analysis of the decision by First Appel...

June 22, 2024 78 Views 0 comment Print

IBBI Rejects RTI Appeal as request not defined exact documents or information needed

Corporate Law : RTI Appeal by Shivam Gupta against IBBI denied due to unclear request. Learn about the detailed decision by the First Appellate Au...

June 22, 2024 33 Views 0 comment Print

IBBI suspends IP for one year for misconduct and lack of compliance with Code

Corporate Law : Detailed analysis of the Insolvency and Bankruptcy Board of India Disciplinary Committee's order on Mr. C Ramasubramainam, an Inso...

June 18, 2024 885 Views 0 comment Print

IBBI penalises RP for Outsourcing his work & for Casual attitude

April 20, 2020 1056 Views 0 comment Print

 In this matter, the DC observes that (a) The RP had outsourced his duty and engaged IPE for verification of claims. He further included the payment made for the same in the IRPC thereby burdening the ailing Corporate Debtor with additional costs (b) The fee of Rs 3,00,000/- plus GST has been paid to the […]

IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations 2020

April 20, 2020 1077 Views 0 comment Print

These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2020. They shall be deemed to have come into force from the 29th March, 2020.

IBBI (Insolvency Professionals) (Amendment) Regulations, 2020 notified

April 20, 2020 972 Views 0 comment Print

These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2020. They shall be deemed to have come into force from the 28th March, 2020.

Can A Liquidator & RP initiate CIRP against other Corporate Debtor

April 19, 2020 8571 Views 2 comments Print

Ashutosh Gupta and Gaurav Rana MOOT QUESTION VI, CAN A LIQUIDATOR AND RP INITIATE CIRP AGAINST OTHER CORPORATE DEBTOR. Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 (“Ordinance”) promulgated on 28th December, 2020, has not only brought, changes in respect to home buyers but also clarity in respect to powers and rights as entrusted upon the […]

Synopsis of ICAI Valuation Standars, 2018

April 18, 2020 1113 Views 0 comment Print

Recently, since last 2-3 years, the profession of valuer is getting recognition and regulated by Insolvency and Bankruptcy Board of India (IBBI). Before this, the profession of valuers was not regulated by any body. There were no exam, no membership, no valuation standards to be followed, no formal recognition of valuers. But with the advent […]

Institutional Framework needed to regulate & develop Valuation Professionals

April 17, 2020 750 Views 0 comment Print

Key Recommendations of CoE on Need for an Institutional Framework for Regulation and Development of Valuation Professionals in India In August 2019, the Ministry of Finance (MoF) had constituted Committee of Experts (CoE) to examine the need for an institutional framework for regulation and development of valuation professionals in India. The said CoE had submitted […]

Draft IBBI (Liquidation Process) (Second Amendment) Regulations, 2020

April 17, 2020 621 Views 0 comment Print

1. (1) These Regulations may be called the Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2020. (2) They shall come into force on the 17th April, 2020.

Whether Acknowledgment of Debt extends Limitation Period under IBC

April 12, 2020 8823 Views 0 comment Print

Thus in cases of Section 18 of Limitation Act, liberal approach must be taken while considering the acknowledgment and no hard and fast rule can be applied to ascertain whether statement is acknowledgement or not, it solely depends on the circumstances under which it is made. 

Simultaneous Corporate Insolvency Resolution Processes against Borrowers and Guarantors – A Feasible Approach?

April 10, 2020 4677 Views 0 comment Print

Introduction Indubitably, legal controversies lead to the ultimate improvisation of legislation. Likewise, Insolvency and Bankruptcy Code, 2016 (hereinafter IBC) has encountered a plethora of amendments to reach its upper state and incorporate a way to unravel the incessantly emerging disputes. While the Insolvency and Bankruptcy Code (Amendment) Act, 2020 is a commendable attempt to resolve […]

Recourse to IBC by Sole Proprietorship Concerns: Re-Examining the Position in Light of Recent NCLAT Ruling

April 9, 2020 3507 Views 0 comment Print

Judgements of various NCLT Benches have had conflicting views on whether a Sole Proprietorship can apply to the Adjudicating Authority under the Code for initiating Insolvency Resolution Process of a Corporate Debtor for the outstanding debt which is due and payable.

Search Post by Date
June 2024