Insolvency and Bankruptcy Code

News, Blog, Insolvency and Bankruptcy Code

June 16, 2022

IBBI proposes to allow Cos., LLPs & Partnership Firm to get enrolled as Insolvency Professionals

Discussion Paper on enabling entities … Continue reading “IBBI proposes to allow Cos., LLPs & Partnership Firm to get enrolled as Insolvency Professionals”

Blog, News, Insolvency and Bankruptcy Code

June 16, 2022

IBBI invites suggestions from public for resolution of real estate projects

Press Release Dated 14.06.2022 The … Continue reading “IBBI invites suggestions from public for resolution of real estate projects”

Blog, News, Insolvency and Bankruptcy Code

June 16, 2022

Now creditors need to file information of default with information utilities before filing a plea to initiate CIRP

Notification No. IBBI/2022-23/GN/REG085, Dated: 14.06.2022 … Continue reading “Now creditors need to file information of default with information utilities before filing a plea to initiate CIRP”

Blog, News, Insolvency and Bankruptcy Code

June 14, 2022

CIRP plea filed against a NBFC was to be rejected

Case Details: Bank of India … Continue reading “CIRP plea filed against a NBFC was to be rejected”

Blog, News, Insolvency and Bankruptcy Code

June 13, 2022

IBBI proposes a minimum fixed fee structure for Insolvency Professionals

Discussion Paper on Remuneration of … Continue reading “IBBI proposes a minimum fixed fee structure for Insolvency Professionals”

Blog, News, Insolvency and Bankruptcy Code

June 8, 2022

IBBI limits the frequency of attempts in Limited Insolvency Exam/Valuation Exams

Circular No. EXAM-13016/1/2022-IBBI, Dated: 06.06.2022 … Continue reading “IBBI limits the frequency of attempts in Limited Insolvency Exam/Valuation Exams”

News, Blog, Insolvency and Bankruptcy Code

June 7, 2022

Standard Operating Practise for NCLT Cases by CBIC | A facilitator for IBC Process

[2022] 139 taxmann.com 97 (Article) … Continue reading “Standard Operating Practise for NCLT Cases by CBIC | A facilitator for IBC Process”

Blog, News, Insolvency and Bankruptcy Code

June 6, 2022

NCLT cannot sit in appeal over the commercial wisdom of CoC in voting for withdrawal of CIRP, rules SC

Case Details: Vallal Rck v. … Continue reading “NCLT cannot sit in appeal over the commercial wisdom of CoC in voting for withdrawal of CIRP, rules SC”

Blog, News, Insolvency and Bankruptcy Code

June 3, 2022

Hiring services for carrying out operational work does not require CoC nod

Case Details: Anil Goel, In … Continue reading “Hiring services for carrying out operational work does not require CoC nod”

Blog, News, Insolvency and Bankruptcy Code

May 31, 2022

Mere declaration of person as highest bidder doesn’t amount to completion of auction sale

Case Details: Punjab National Bank … Continue reading “Mere declaration of person as highest bidder doesn’t amount to completion of auction sale”