Insolvency and Bankruptcy Code

News, Blog, Insolvency and Bankruptcy Code

August 28, 2024

Reopening Notice Issued to Petitioner for AY 2014-15 Quashed as IT Dept. Failed to Claim Escaped Income During CIRP | HC

Case Details: Asian Colour Coated … Continue reading “Reopening Notice Issued to Petitioner for AY 2014-15 Quashed as IT Dept. Failed to Claim Escaped Income During CIRP | HC”

Blog, News, Insolvency and Bankruptcy Code

August 27, 2024

IBBI Proposes to Amend Reg. 36 of CIRP Regulations to Make Disclosures About CD’s Status, Registered or Not as MSME

Discussion Paper; Dated: 23.08.2024 The … Continue reading “IBBI Proposes to Amend Reg. 36 of CIRP Regulations to Make Disclosures About CD’s Status, Registered or Not as MSME”

Blog, News, Insolvency and Bankruptcy Code

August 17, 2024

IBBI Extends Timeline for Disposing Show-Cause Notices by Disciplinary Committee to 60 Days

Notification No. IBBI/2024-25/GN/REG115, Dated: 13.08.2024 … Continue reading “IBBI Extends Timeline for Disposing Show-Cause Notices by Disciplinary Committee to 60 Days”

Blog, News, Insolvency and Bankruptcy Code

August 17, 2024

IBBI Mandates ‘Information Utilities’ to Verify Key Information Before Issuing a Record of Default in Form D

Notification No. No. IBBI/2024-25/GN/REG114; Dated: … Continue reading “IBBI Mandates ‘Information Utilities’ to Verify Key Information Before Issuing a Record of Default in Form D”

News, Blog, Insolvency and Bankruptcy Code

August 13, 2024

IBBI Mandates Registered Valuers to Provide a ‘Valuation Report Identification Number’ for Each Valuation

Circular No. No. IBBI/RV/75/2024, Dated: … Continue reading “IBBI Mandates Registered Valuers to Provide a ‘Valuation Report Identification Number’ for Each Valuation”

Blog, News, Insolvency and Bankruptcy Code

August 8, 2024

IBBI Issues Guidelines for CoC to Maximize Corporate Debtor’s Asset Value Through Objective Decision-Making

IBBI Guidelines; Dated: 06.08.2024 IBBI … Continue reading “IBBI Issues Guidelines for CoC to Maximize Corporate Debtor’s Asset Value Through Objective Decision-Making”

Blog, News, Insolvency and Bankruptcy Code

August 7, 2024

Creditor’s Partial Recovery From Surety Under an Agreement Doesn’t Extinguish Remaining Debt Owed by Borrower | SC

Case Details: BRS Ventures V. … Continue reading “Creditor’s Partial Recovery From Surety Under an Agreement Doesn’t Extinguish Remaining Debt Owed by Borrower | SC”

Blog, News, Insolvency and Bankruptcy Code

July 31, 2024

SC Dismisses Appeal Against Exclusion of Property from CIRP as CD Had Lost Possessory Rights Before Initiating CIRP

Case Details: Neesa Leisure Ltd. … Continue reading “SC Dismisses Appeal Against Exclusion of Property from CIRP as CD Had Lost Possessory Rights Before Initiating CIRP”

Blog, News, Insolvency and Bankruptcy Code

July 25, 2024

HC Quashes ‘Willful Defaulter Committee’s’ Decision Due to Reliance Solely on Flawed Transaction Audit Report (TAR) | HC

Case Details: Vishambhar Saran v. … Continue reading “HC Quashes ‘Willful Defaulter Committee’s’ Decision Due to Reliance Solely on Flawed Transaction Audit Report (TAR) | HC”

Blog, News, Insolvency and Bankruptcy Code

July 24, 2024

NCLAT Rightly Upheld AA’s Order Refusing Substitution of Resolution Applicant as Appellant’s RP Was Already Approved | SC

Case Details: UV Asset Reconstruction … Continue reading “NCLAT Rightly Upheld AA’s Order Refusing Substitution of Resolution Applicant as Appellant’s RP Was Already Approved | SC”