Category: bankruptcy

Discharge of Insolvency Professional only when incapacitated either physically or legally – IBBI Discussion Paper

Discharge of Insolvency Professional only when incapacitated either physically or legally. Other ground to attract debar for 5 years.  Insolvency and Bankruptcy Board of India Discussion Paper 21st June, 2018 Subject: Discharge from Responsibility as Interim Resolution Professional, Resolution Professional or Liquidator of the Corporate Processes under the …

Fee and other Expenses incurred by Insolvency Professional for Corporate Insolvency Resolution Process-Circular

Fee and other Expenses incurred by Insolvency Professional for Corporate Insolvency Resolution Process-Circular by IBBI Insolvency and Bankruptcy Board of India (IBBI) has issued circular on the subject of Fee and other Expenses incurred by Insolvency Professional for Corporate Insolvency Resolution Process Under the Insolvency and Bankruptcy Code, …

President Approves Promulgation of the Insolvency and Bankruptcy Code Amendment Ordinance 2018.

President Approves Promulgation of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018.  The President today gave assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018. The Ordinance provides significant relief to home buyers by recognizing their status as financial creditors.  This would give them due representation in …

Uploading E-forms on MCA 21 Portal not experience in management for registration as Insolvency Professionals

Uploading E-forms on MCA 21 Portal not experience in management for registration as Insolvency Professionals as required under IBBI (Insolvency Professionals) Regulations 2016 ABCAUS Case Law Citation ABCAUS 2347 (2018) 05 IBBI In terms of regulation 5(b) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, …

Monitoring the performance of insolvency professionals under the Insolvency and Bankruptcy Code, 2016 -Discussion Paper

Monitoring the performance of insolvency professionals under the Insolvency and Bankruptcy Code, 2016 and the regulations made thereunder Insolvency And Bankruptcy Board Of India (IBBI) has brought a discussion paper on the subject of monitoring the performance of insolvency professionals  under the Code. The discussion paper is limited to …