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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 438 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 has No Association with ‘IBBI Insolvency Practitioners LLP’

January 30, 2018 570 Views 0 comment Print

It has come to the notice of the Insolvency and Bankruptcy Board of India (IBBI) that there is a Limited Liability Partnership (LLP) by the name IBBI Insolvency Practitioners LLP

Disclosures by Insolvency Professionals and other Professionals appointed by Insolvency Professionals conducting Resolution Processes

January 16, 2018 2199 Views 0 comment Print

It has been decided that an insolvency professional and every other professional appointed by the insolvency professional for a resolution process shall make disclosures as specified in Para 3 to 5 hereunder.

Fees payable to an insolvency professional and to other professionals appointed by an insolvency professional

January 16, 2018 4539 Views 0 comment Print

Insolvency professional shall render services for a fee which is a reasonable reflection of his work, raise bills / invoices in his name towards such fees, and such fees shall be paid to his bank account. Any payment of fees for the services of an insolvency professional to any person other than the insolvency professional shall not form part of the insolvency resolution process cost.

Recent Amendments to Insolvency and Bankruptcy Law

January 3, 2018 1617 Views 0 comment Print

Amendments to (i) the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, and (ii) the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017.

Insolvency professional to use Registration No. & Address in his communications

January 3, 2018 1347 Views 0 comment Print

In all his communications, whether by way of public announcement or otherwise to a stakeholder or to an authority, an insolvency professional shall prominently state: (i) his name, address and email, as registered with the IBBI, (ii) his Registration Number as an insolvency professional granted by the IBBI, and (iii) the capacity in which he is communicating

Insolvency professional not to outsource his responsibilities

January 3, 2018 2037 Views 0 comment Print

An insolvency resolution professional shall not outsource any of his duties and responsibilities under the Insolvency and Bankruptcy Code, 2016. He shall not require any certificate from another person certifying eligibility of a resolution applicant.

Insolvency professional to ensure compliance with applicable laws

January 3, 2018 1545 Views 0 comment Print

While acting as an Interim Resolution Professional, a Resolution Professional, or a Liquidator for a corporate person under the Insolvency and Bankruptcy Code, 2016, an insolvency professional shall exercise reasonable care and diligence and take all necessary steps to ensure that the corporate person undergoing any process under the Code complies with the applicable laws.

Insolvency and Bankruptcy Code- The legal tangle continues

January 2, 2018 2703 Views 0 comment Print

The Insolvency and Bankruptcy Code, 2016 (the Code) has caused a paradigm shift in the manner in which cases of sick companies have been handled in India. The Code, which repeals the erstwhile Sick Industrial Companies (Special Provisions) Act, 1985 (SICA)

IBBI publishes syllabus of educational courses & valuation examinations

January 1, 2018 1530 Views 0 comment Print

Insolvency Bankruptcy Board of India publishes syllabus and other details of educational courses and valuation examinations The Central Government notified the commencement of section 247 (relating to valuers) of the Companies Act, 2013 with effect from 18th October, 2017. It also notified the Companies (Registered Valuers and Valuation) Rules, 2017 on 18th October, 2017. Vide […]

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

December 31, 2017 2010 Views 0 comment Print

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

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