Category: bankruptcy

Exclusion of period of lockdown. IBBI (Liquidation Process) (Second Amendment) Regulations, 2020. New Regulation 47A inserted   PUBLISHED BY AUTHORITY NEW DELHI, 17TH APRIL 2020   INSOLVENCY AND BANKRUPTCY BOARD OF INDIA   NOTIFICATION   New Delhi, the 17th April, 2020   Insolvency and Bankruptcy Board of India …

Suspension of enrolments for Limited Insolvency and Valuation Exams. Date extended till 14.04.2020 Insolvency and Bankruptcy Board of India Examinations Division INFORMATION FOR CANDIDATES In view of the Advisory on Social Distancing Measure in view of spread of COVID-19 disease, all enrolments for the Limited Insolvency Examination and …

Guidelines for Appointment of Insolvency Professionals as Administrators under the Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018   27th February 2020   The Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to …

Procedure for Filing of forms in Registry (MCA-21) by Insolvency Professional/ Liquidator appointed under IBC 2016. NCLT appointment order to be filed first in Form INC-28 at MCA21  General Circular No. 04/2020 F.No.01/02/2019- CL-VGovernment of IndiaMinistry of Corporate Affairs 5th Floor ‘A’ Wing, Shastri Bhawan,Dr. Rajendra Prasad Road, …

Manner of dealing with third party assets in custody of financial service providers in Insolvency/Liquidation Proceedings MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 30th January, 2020 S.O. 464(E).— In exercise of the powers conferred by section 227 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) …

IBBI (Liquidation Process) (Amendment) Regulations 2020 The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2020 on 6th January 2020. The amendment clarifies that a person, who is not eligible under the Code to submit a resolution …

IBC (Amendment) Ordinance 2019 Promulgated, gives immunity against prosecution of corporate debtor The President of India has promulgated the Insolvency and Bankruptcy Code (amendment) ordinance, 2019 to amend the Insolvency and Bankruptcy Code. As stated, the Ordinance was brought in view of the need to give the highest …

Insolvency and Bankruptcy Code (2nd Amendment) Bill 2019 – Key Highlights and impact Cabinet approves Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today approved the proposal to make amendments in the Insolvency and Bankruptcy Code, 2016 …

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 …