Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

September 19, 2022

IBBI mandates IRPs to open a separate email account for all correspondences with the stakeholders

Notification No. IBBI/2022-23/GN/REG093, dated: 16.09.2022 … Continue reading “IBBI mandates IRPs to open a separate email account for all correspondences with the stakeholders”

Blog, News, Insolvency and Bankruptcy Code

September 16, 2022

Period for which winding up plea was pending before HC ought to be excluded in computing limitation for filing CIRP

Case Details: Brandbaron Marketing (P.) … Continue reading “Period for which winding up plea was pending before HC ought to be excluded in computing limitation for filing CIRP”

Blog, News, Insolvency and Bankruptcy Code

September 15, 2022

Now IPs can’t accept/share fees from any support service providers appointed under IBC

Notification No. IBBI/2022-23/GN/REG092, Dated: 13.09.2022 … Continue reading “Now IPs can’t accept/share fees from any support service providers appointed under IBC”

Blog, News, Insolvency and Bankruptcy Code

September 15, 2022

IBBI asks IPs to inform Board about important matters relating to the interpretation of IBC

Circular No. IBBI/PROS/53/2022, Dated 13.09.2022 … Continue reading “IBBI asks IPs to inform Board about important matters relating to the interpretation of IBC”

Blog, News, Insolvency and Bankruptcy Code

September 15, 2022

IBBI prescribes norms relating to payment of minimum fees to IRPs/RPs

Notification No. IBBI/2022-23/GN/REG091, Dated: 13.09.2022 … Continue reading “IBBI prescribes norms relating to payment of minimum fees to IRPs/RPs”

News, Blog, Insolvency and Bankruptcy Code

September 14, 2022

No default in repayment occurred where corporate debtor paid portion as per settlement but failed to buy-back its shares

Case Details: Stressed Assets Stabilization … Continue reading “No default in repayment occurred where corporate debtor paid portion as per settlement but failed to buy-back its shares”

Blog, News, Insolvency and Bankruptcy Code

September 12, 2022

Section 53 of IBC doesn’t override Section 48 of Gujarat VAT Act: SC

Case Details: State tax officer … Continue reading “Section 53 of IBC doesn’t override Section 48 of Gujarat VAT Act: SC”

Blog, News, Insolvency and Bankruptcy Code

September 9, 2022

CIRP can be initiated u/s 7 of IBC against a corporate entity that has given a guarantee to secure the dues: SC

Case Details: K. Paramasivam v. … Continue reading “CIRP can be initiated u/s 7 of IBC against a corporate entity that has given a guarantee to secure the dues: SC”

Blog, News, Insolvency and Bankruptcy Code

September 9, 2022

Limitation is to be counted from date of preparation of certified copy & not from date of delivery: NCLAT

Case Details: Wadhwa Rubber v. … Continue reading “Limitation is to be counted from date of preparation of certified copy & not from date of delivery: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

September 9, 2022

State is a secured creditor for tax purpose under Gujarat VAT Act: SC

Case Details: State tax officer … Continue reading “State is a secured creditor for tax purpose under Gujarat VAT Act: SC”