Tag: IBBI
Insolvency Professionals to act as Interim Resolution Professionals and Liquidators (Recommendation) Guidelines, 2019 14th May, 2019 Provisions in the Insolvency and Bankruptcy Code, 2016 Section 16(3)(a) of the Insolvency and Bankruptcy Code, 2016 (Code) requires the Adjudicating Authority (AA) to make a reference to the Insolvency and Bankruptcy …
IBBI reacts on misleading news of IANS news story “Huge gap in 12 NPA cases dues with liquidation value.” denies to have made said claims Dated 3rd May, 2019 The EditorIANS India Pvt. LtdA-45 to 50, Right WingFirst Floor, Pioneer HouseSector-16, Noida-201301 U.P. Dear Editor, This has reference …
The objective of IBC 2016 is reorganization and insolvency resolution and not realisation of bad loans- IBBI In a letter written to “ The Week” the Insolvency and Bankruptcy Board of India (IBBI) has stated that the impression that Insolvency and Bankruptcy Code, 2016 (Code) is for realisation …
“IBC takes 300 days, BIFR took 5-8 yrs”-IBBI denies news published by Business Standard quoting affidavit submitted in the NCLAT The Business Standard recently published a news item stating that according to Chairman IBBI, the entire process of debt resolution under Corporate Insolvency Resolution Process (CIRP) takes nearly …
Guidelines for Appointment of IPs as Administrators under the SEBI (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018. IBBI to prepare a Panel and to invite EOI Insolvency and Bankruptcy Board of India 7′ Floor, Mayur Bhawan, Connaught Place New Delhi-110001 Tel: +91 11 …
Pendency of criminal proceedings u/s 498A of IPC makes a person not fit and proper to become an Insolvency Professional. ABCAUS Case Law Citation: ABCAUS 2839 (2019) (03) IBBI In the instant case, the Insolvency and Bankruptcy Board of India (IBBI/Board) rejected the application for registration as an …
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 …
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 …
Andhra Pradesh and Madhya Pradesh get new NCLT benches The Government has approved establishment of two new benches of National Company Law Tribunal (NCLT), one at Amaravati in Andhra Pradesh and the other at Indore in Madhya Pradesh. This step has been taken keeping in view the increasing …
MCA notifies persons who can file application for initiating CRIP against corporate debtor on behalf of financial creditor MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 27th February, 2019 S.O. 1091(E).—In exercise of the powers conferred by sub-section (1) of section 7 of the Insolvency and Bankruptcy Code, …
