bankruptcy

  • bankruptcy

Payment received for shares, duly issued cannot be a debt under IBC-Supreme Court

Payment received for shares, duly issued cannot be a debt under Insolvency and Bankruptcy Code. Personal loan to Promoter/Director cannot…

4 years ago
  • bankruptcy

IBBI bans Insolvency Professional for 3 months for appointing unregistered valuer

IBBI bans Insolvency Professional for three months for appointing unregistered valuer ABACUS Case Law CitationABCAUS 3372 (2020) (08) IBBI In…

4 years ago
  • bankruptcy

Limitation period for application for initiation of CIRP is three years from date of default

Limitation period for making application for initiation of CIRP is three years from date of default. IBC not a money…

4 years ago
  • bankruptcy

Three IPs offered by IRP must be from State/UT with highest number of creditors

Three Insolvency Professionals offered by interim resolution professional must be from the State/UT which has highest number of creditors. IBBI…

4 years ago
  • bankruptcy

Determination of Liquidator Fee-realised amount not distributed or distributed amount not realised

Determination of Liquidator Fee where realised amount not distributed or amount distributed but not realised Determination of Liquidator Fee  IBBI…

4 years ago
  • bankruptcy

Corporate person may replace liquidator in voluntary liquidation process

Corporate person may replace liquidator in voluntary liquidation process by appointing another insolvency professional.  The Insolvency and Bankruptcy Code, 2016…

4 years ago
  • bankruptcy

Useful judgments for Insolvency Professionals conducting Liquidation Process

Useful and important judgments for Insolvency Professionals conducting Liquidation Process giving Significant directions and observations Insolvency and Bankruptcy Board of…

4 years ago
  • bankruptcy

Conditions for LLP, registered firm/company to be recognised as insolvency professional entity

LLP, registered partnership firm/company to be recognised as an insolvency professional entity only if their sole objective is to provide…

4 years ago
  • bankruptcy

IBBI Valuation Exams with revised syllabus to commence from 16.06.2020

IBBI Valuation Exams with revised syllabus to commence from 16.06.2020 Insolvency and Bankruptcy Board of India Valuation Examinations Division INFORMATION…

4 years ago
  • bankruptcy

Ordinance to suspend initiation of corporate insolvency resolution process

Ordinance to suspend initiation of corporate insolvency resolution process   The President of India has promulgated the Insolvency and Bankruptcy…

4 years ago