Category: bankruptcy
Insolvency Professional to pay IBBI 0.25 percent of annual fee earned from insolvency professional services rendered. Insolvency professional entities to pay application fee of 50000/- rupees THE GAZETTE OF INDIA EXTRAORDINARY PART III, SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, THURSDAY, 11TH OCTOBER, 2018 INSOLVENCY AND BANKRUPTCY BOARD OF …
Limitation Act applicable to IBC 2016 from its inception for CRIP applications filed under Sections 7 and 9 – Supreme Court ABCAUS Case Law Citation: ABCAUS 2569 (2018) (10) SC The present case laws deals with Section 238A of the Insolvency and Bankruptcy Code, 2016 (Code), which was inserted …
IBBI (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2018. IBBI has amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 . The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for …
Non member has no voting right in Committee of Creditors under IBC-2016. Non member cannot be regarded voted against a resolution or abstained from voting Financial creditor till admitted as a CoC member has no voting right Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, …
Presiding Officers of DRT entitled to benefit of increased age under section 6 of the Recovery of Debts and Bankruptcy Act, 1993 – Supreme Court ABCAUS Case Law Citation: ABCAUS 2507 (2018) 09 SC Petitioners in the instant petitions were appointed as Presiding Officers of Debt Recovery Tribunal …
Insolvency Professional Entity to inform IBBI of cessation/joining of Insolvency Professional as its Director / Partner else face action Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CIRCULAR No. IBBI/IPE/017/2018 31st August, 2018 To All Recognised Insolvency Professional Entities All Registered Insolvency …
IBBI penalised Insolvency Professional for raising bill in the name of Ernst & Young LLP. Fees of the lRP/RP should be raised only by him and should only be received by him ABCAUS Case Law Citation: ABCAUS 2493 (2018) 08 IBBI In the said matter, the replaced Resolution …
Insolvency and Bankruptcy Code Second Amendment Act 2018 received the assent of the President. Section 12A inserted to allow withdrawal of application. Notes on Clauses on Insolvency and Bankruptcy Code (Second Amendment) Bill 2018 Clause 1 of the Bill provides for the short title and commencement. Clause 2 of the Bill seeks to …
Moratorium u/s 14 of the Insolvency and Bankruptcy Code, 2016 not apply to a personal guarantor of a corporate debtor – Supreme Court ABCAUS Case Law Citation: ABCAUS 2467 (2018) 08 SC The instant appeal involved the question whether Section 14 of the Insolvency and Bankruptcy Code, 2016 …
Jaypee Infratech Insolvency proceedings to continue at NCLT-We cannot be unmindful of interests of 92% of home buyers who preferred possession of homes-SC ABCAUS Case Law Citation: ABCAUS 2460 (2018) 08 SC The instant writ had been filed under Article 32 of the Constitution for protecting the interests …
