Category: bankruptcy
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 …
IBBI Medical Facility to Chairperson & Whole-time Members Scheme 2019 MINISTRY OF CORPORATE AFFAIRSNOTIFICATION New Delhi, the 8th February, 2019 G.S.R. 114(E).—In exercise of the powers conferred by clause (zd) of sub-section (2) of section 239 read with sub-section (5) of section 189 of the Insolvency and Bankruptcy …
Important rulings of Supreme Court made while dismissing appeals against the NCLAT Order on section 30(4) relating to voting percentage etc. ABCAUS Case Law Citation:ABCAUS 2779 (2019) (02)SC This note has been prepared by Legal Division of the IBBI for the sole purpose of creating awareness and must …
External Commercial Borrowings (ECB) Policy – ECB facility for Resolution Applicants under Corporate Insolvency Resolution Process In terms of RBI “External Commercial Borrowings (ECB) Policy – New ECB Framework”, ECB proceeds could not be utilised for repayment of domestic Rupee loans, except when the ECB is availed from …
Members of suspended Board of Directors of corporate debtor entitled to insolvency resolution plans presented at COC meetings under Section 25(2)(i) – SC ABCAUS Case Law Citation: ABCAUS 2762 (2019) (01) SC The Petitioner was aggriebed by the order of the Appellate Tribunal rejecting the prayer for directions …