#IBC 2016
Log in to FollowLatest IBC 2016 judgments, orders, IBC developments, insolvency and corporate law updates with practical legal analysis on TaxGuru.

IBBI directs IP to ensure full compliance with IBC, 2016

Mobilization advance given to corporate debtor is operational debt

IBBI suspend Registration of IP for not following true spirit of resolving CD

Technical deficiencies in CIRP – IBBI directs IP to be more careful in future

Threshold limit includes both principal debt and interest under IBC

IBC: Proceedings can be initiated u/s 66 during moratorium

No error by NCLT in refusing to initiate CIRP on suspicious debt: NCLAT

Section 60(5) vests residuary jurisdiction on NCLT to intervene in certain circumstances

IP shall not engage or appoint any of his relatives or related parties: IBBI

CIRP Regulations provides fees of Rs. 25000 per CoC meeting to AR of creditors in a class

IBBI suspends registration of IP for eliminating voting rights of CoC members for non-contribution to CIRP costs

Summary of NCLAT Judgement on IBC 2016 for October 2021

CIRP application against solvent company can be denied if done only for debt recovery

Only IRP can file Appeal against Assessment Order after declaration of Moratorium
Explore the latest IBC 2016 judgments, orders and legal developments on TaxGuru. Coverage includes the Insolvency and Bankruptcy Code, CIRP, liquidation, resolution plans, creditor and debtor rights, Companies Act issues and related appellate developments. The page is designed to help insolvency professionals, companies, lenders and advisers follow significant rulings and their practical corporate-law implications.
