Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

February 11, 2025

IBBI Releases Discussion Paper on Streamlining Various Processes Under IBC for Enhanced Efficiency and Transparency

Discussion Paper; Dated: 04.02.2025 IBBI … Continue reading “IBBI Releases Discussion Paper on Streamlining Various Processes Under IBC for Enhanced Efficiency and Transparency”

Blog, News, Insolvency and Bankruptcy Code

February 9, 2025

A Resolution Plan Involving a Combination Needs CCI Approval Before CoC Consideration, as Required u/s 31(4) of IBC | SC

Case Details: Independent Sugar Corporation … Continue reading “A Resolution Plan Involving a Combination Needs CCI Approval Before CoC Consideration, as Required u/s 31(4) of IBC | SC”

Blog, News, Insolvency and Bankruptcy Code

February 7, 2025

Appeal Against Acceptance of CIRP Plea u/s 7 Dismissed as CD or Guarantor Failed to Show Any Error in NCLT’s Admission

Case Details: Seeta Shah vs. … Continue reading “Appeal Against Acceptance of CIRP Plea u/s 7 Dismissed as CD or Guarantor Failed to Show Any Error in NCLT’s Admission”

News, Blog, Insolvency and Bankruptcy Code

February 6, 2025

Central Government Appoints Shri L.V. Prabhakar as a Part-Time Member of IBBI

Notification No. 30-36/2022-Insolvency; Dated: 31.01.2025 … Continue reading “Central Government Appoints Shri L.V. Prabhakar as a Part-Time Member of IBBI”

Blog, News, Insolvency and Bankruptcy Code

February 4, 2025

NCLT Rejects Applicant’s Plea Challenging Approved RP as He Being a Third Party Had No Nexus to CIRP of Corporate Debtor

Case Details: Astral Agro Ventures … Continue reading “NCLT Rejects Applicant’s Plea Challenging Approved RP as He Being a Third Party Had No Nexus to CIRP of Corporate Debtor”

Blog, News, Insolvency and Bankruptcy Code

January 31, 2025

IBBI Extends the Time for Filing Grievances or Complaints to 30 Days After Closure of Related Legal Proceedings

Notification F. No. IBBI/2024-25/GN/REG119, Dated: … Continue reading “IBBI Extends the Time for Filing Grievances or Complaints to 30 Days After Closure of Related Legal Proceedings”

Blog, News, Insolvency and Bankruptcy Code

January 31, 2025

Disciplinary Committee Members Must Not Be Involved in Any Stage of Investigation or Inspection | IBBI Clarifies

Notification F. No. IBBI/2024-25/GN/REG118, Dated: … Continue reading “Disciplinary Committee Members Must Not Be Involved in Any Stage of Investigation or Inspection | IBBI Clarifies”

Blog, News, Insolvency and Bankruptcy Code

January 31, 2025

IBBI Extends Application Window for Renewal of Authorization for Assignment From 45 to 90 Days Before Expiry

Notification F. No. IBBI/2024-25/GN/REG117, Dated: … Continue reading “IBBI Extends Application Window for Renewal of Authorization for Assignment From 45 to 90 Days Before Expiry”

Blog, News, Insolvency and Bankruptcy Code

January 31, 2025

IBBI Amends Guidelines for Technical Standards on Core and Other Services Under Information Utilities Regulations

Amendment dated 29.01.2025 The IBBI … Continue reading “IBBI Amends Guidelines for Technical Standards on Core and Other Services Under Information Utilities Regulations”

Blog, News, Insolvency and Bankruptcy Code

January 31, 2025

In Absence of CIRP Against Principal Borrower, Application to Initiate Insolvency Against Personal Guarantor Lies Before DRT | NCLT

Case Details: Indian Bank v. … Continue reading “In Absence of CIRP Against Principal Borrower, Application to Initiate Insolvency Against Personal Guarantor Lies Before DRT | NCLT”