Insolvency and Bankruptcy Code

News, Blog, Insolvency and Bankruptcy Code

February 9, 2024

[Opinion] DRT Proceedings Triggers ‘New’ Life for Limitation Under IBC

Nipun Singhvi & Rajri Patel … Continue reading “[Opinion] DRT Proceedings Triggers ‘New’ Life for Limitation Under IBC”

Blog, News, Insolvency and Bankruptcy Code

February 7, 2024

Direct Payment by Financiers to Suppliers Without Disbursement of Funds to CD Couldn’t Be Termed as Financial Debt

Case Details: Mudraksh Investfin Pvt. … Continue reading “Direct Payment by Financiers to Suppliers Without Disbursement of Funds to CD Couldn’t Be Termed as Financial Debt”

Blog, News, Insolvency and Bankruptcy Code

February 5, 2024

Applicability of the Limit on the Number of Assignments Applies to IPs Who are Individuals, not IPEs | IBBI clarifies

CIRCULAR NO. NO. IBBI/IPE/64/2024, Dated … Continue reading “Applicability of the Limit on the Number of Assignments Applies to IPs Who are Individuals, not IPEs | IBBI clarifies”

Blog, Insolvency and Bankruptcy Code

February 16, 2024

[Analysis] Corporate Exit Made Easy | IBBI Takes Progressive Steps Towards Transparent Voluntary Liquidations

Table of Contents Introduction Amendment … Continue reading “[Analysis] Corporate Exit Made Easy | IBBI Takes Progressive Steps Towards Transparent Voluntary Liquidations”

Blog, News, Insolvency and Bankruptcy Code

February 4, 2024

IPs Can Now Offer Services for Implementing of Resolution Plan as Long as Those Services are Outlined in the Plan | IBBI

CIRCULAR NO. IBBI/IP/65/2024, Dated 31.01.2024 … Continue reading “IPs Can Now Offer Services for Implementing of Resolution Plan as Long as Those Services are Outlined in the Plan | IBBI”

Blog, News, Insolvency and Bankruptcy Code

February 4, 2024

IPs Who Served or Acting as IRP/RP or Liquidator for CD Can Now be Appointed as ‘Professionals’ By a Bankruptcy Trustee

Notification No. IBBI/2023-24/GN/REG108 dated 31.01.2024 … Continue reading “IPs Who Served or Acting as IRP/RP or Liquidator for CD Can Now be Appointed as ‘Professionals’ By a Bankruptcy Trustee”

News, Blog, Insolvency and Bankruptcy Code

February 4, 2024

Assignment Issued By Agency Shall Remain Valid Till June 30 of the Year If the Expiry of 1 Year Falls from Jan to Jun | IBBI

Notification No. No. IBBI/2023-24/GN/REG111., Dated … Continue reading “Assignment Issued By Agency Shall Remain Valid Till June 30 of the Year If the Expiry of 1 Year Falls from Jan to Jun | IBBI”

Blog, News, Insolvency and Bankruptcy Code

February 4, 2024

IBBI Amends Norms Relating to the Insolvency Process for Personal Guarantors; Mandates RP to Present a Repayment Plan

Notification No. IBBI/2023-24/GN/REG107 dated 31.01.2024 … Continue reading “IBBI Amends Norms Relating to the Insolvency Process for Personal Guarantors; Mandates RP to Present a Repayment Plan”

Blog, News, Insolvency and Bankruptcy Code

February 4, 2024

IBBI Permits IPs to Resign from Assignment on the Recommendation of CoC/Consultation Committee/Debtor or Creditor

Notification No. IBBI/2023-24/GN/REG 110. Dated … Continue reading “IBBI Permits IPs to Resign from Assignment on the Recommendation of CoC/Consultation Committee/Debtor or Creditor”

Blog, News, Insolvency and Bankruptcy Code

January 24, 2024

Operational Creditor’s CIRP Petition Was to Be Rejected Due to Non-Compliance With Demand Notice Rules | NCLT

Case Details: Tata International Ltd. … Continue reading “Operational Creditor’s CIRP Petition Was to Be Rejected Due to Non-Compliance With Demand Notice Rules | NCLT”