Category: bankruptcy
“IBC takes 300 days, BIFR took 5-8 yrs”-IBBI denies news published by Business Standard quoting affidavit submitted in the NCLAT The Business Standard recently published a news item stating that according to Chairman IBBI, the entire process of debt resolution under Corporate Insolvency Resolution Process (CIRP) takes nearly …
Syllabus, format of Limited Insolvency Examination under the IBBI (Insolvency Professionals) Regulations, 2016 to be conducted from 1st July, 2019 Insolvency and Bankruptcy Board of India (Press Release) No. IBBI/PR/2019/09 30th March, 2019 Limited Insolvency Examination w.e.f. 1st July, 2019 The Board hereby publishes the syllabus, format etc. …
Guidelines for Appointment of IPs as Administrators under the SEBI (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018. IBBI to prepare a Panel and to invite EOI Insolvency and Bankruptcy Board of India 7′ Floor, Mayur Bhawan, Connaught Place New Delhi-110001 Tel: +91 11 …
Pendency of criminal proceedings u/s 498A of IPC makes a person not fit and proper to become an Insolvency Professional. ABCAUS Case Law Citation: ABCAUS 2839 (2019) (03) IBBI In the instant case, the Insolvency and Bankruptcy Board of India (IBBI/Board) rejected the application for registration as an …
Income Tax/Sales Tax Department and local authority are Operational Creditor under Insolvency and Bankruptcy Code, 2016 – NCLAT ABCAUS Case Law Citation: ABCAUS 2838 (2019) (03) IBBI Important Case Laws Cited/relied upon by the parties Central Bank of India vs. State of Kerala & Ors.─ (2009) 4 SCC …
Insolvency & Bankruptcy Application to Adjudicating Authority Amendment Rules 2019. Changes to Form-1 & Form-5 Applications by financial/operational creditor MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 14th March, 2019 G.S.R. 222(E).— In exercise of the powers conferred by clauses (c), (d), (e) and (f) of sub-section (1) …
IBBI signs a Mou with SEBI for sharing of information/resources for effective implementation of Insolvency and Bankruptcy Code 2016 Insolvency and Bankruptcy Board of India No. IBBI/PR/2019/08 19th March, 2019 PRESS RELEASE Insolvency and Bankruptcy Board of India signs a Memorandum of Understanding with the Securities and Exchange …
IBBI, has issued a Chart of Responsibilities of IRP / RP and CoC in a CIRP for the help of Insolvency Professionals and Committee of Creditors involved in the Corporate Insolvency Resolution Process. Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 Facilitation …
Study Material for Valuation Examination – Land and Building Prepared by CVSRTA The Valuation Profession in India took a concrete shape with enactment of the Companies Act, 2013. Section 247 of the Act provides that where valuation is required to be done under the provisions of the Act, …
IBBI debars Insolvency Professional for ten years as her husband assigned CIRPs of 15 CD and wife consented to act as IRP for exorbitant fees ABCAUS Case Law Citation: ABCAUS 2797 (2019) (02) IBBI In the instant case, both husband and wife were insolvency professionals registered with the …
