Category: bankruptcy
Insolvency resolution and liquidation proceedings of NBFC with asset size of Rs.500 crore or more MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 18th November, 2019 S.O. 4139(E).—In exercise of the powers conferred by section 227 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Central …
Provisions related to personal guarantors to corporate debtors under Insolvency and Bankruptcy Code, 2016 effective from 1st day of December, 2019 MINISTRY OF CORPORATE AFFAIRSNOTIFICATION New Delhi, the 15th November, 2019 S.O. 4126(E).―In exercise of the powers conferred by sub-section (3) of section 1 of the Insolvency and …
MCA notifies framework for insolvency and liquidation proceedings of Financial Service Providers (FSPs) other than banks. Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019. The Ministry of Corporate Affairs (MCA) has notified the Insolvency and Bankruptcy (Insolvency and …
CJM equally competent to process application of secured creditor to take possession of secured asset u/s 14 of the Securitisation & Reconstruction of Financial Assets and Enforcement of Security Interest Act (SRFAESIA) 2002 – Supreme Court ABCAUS Case Law Citation:ABCAUS 3154 (2019) (09) SC Important case law relied …
List of provisions of Companies Act 2013 and IBC 2016 where valuation are required to be conducted by a registered valuer Insolvency and Bankruptcy Board of India7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CIRCULAR No. IBBI/RVO/026/2019 16th September, 2019 ToAll Registered ValuersAll Recognised Registered Valuer OrganisationsAll Registered …
Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2019 notified on 25th July, 2019 not applicable to processes already commenced Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CIRCULAR No. IBBI/LIQ/024/2019 26th August, 2019 ToAll Registered Insolvency ProfessionalsAll Recognised Insolvency …
Supreme Court upholds Home buyers status as financial creditors. Constitutional validity of amendments to IBC 2016 also upheld ABCAUS Case Law Citation:ABCAUS 3109 (2019) (08) SC Important case law relied upon by the parties:Nikhil Mehta and Sons (HUF) v. AMR Infrastructure Ltd.Chitra Sharma & Ors. v. Union of …
IBBI issues CPE guidelines for Insolvency Professionals. Minimum 10 hours each and 60 hours in three calendar years prescribed Insolvency and Bankruptcy Board of India 6th August, 2019 Insolvency and Bankruptcy Board of India (Continuing Professional Education for Insolvency Professionals) Guidelines, 2019 1. Short title and commencement (a) …
IBBI amends IBBI (Insolvency Professionals) Regulations, 2016 & IBBI (Model Bye-Laws & Governing Board of Insolvency Professional Agencies) Regulations 2016 Insolvency and Bankruptcy Board of India PRESS RELEASE IBBI/PR/2019/1923rd July, 2019 The IBBI amends (i) the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016, and (ii) …
Understanding the IBC-2016: Analysing developments in jurisprudence-Release of publication developed by the Vidhi Centre for Legal Policy Insolvency and Bankruptcy Board of India No. IBBI/PR/2019/16 9th June, 2019 Press Release Release of publication ‘Understanding the Insolvency and Bankruptcy Code, 2016: Analysing developments in jurisprudence’. Hon’ble Mr. Justice M. …
