Thursday, July 2, 2020
INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 5th October, 2017 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) (SECOND AMENDMENT) REGULATIONS, 2017   No. IBBI/2017-18/GN/REG018.—In exercise of the powers conferred by clause (t) of sub-section (1) of...
Fixed deposit holders are categorized as financial creditors and are required to file their claim in Form C issued by the Insolvency and Bankruptcy Board of India Ashwini Kumar Sharma HT Photo Everybody is talking about how the insolvency proceeding against Jaypee...
Gujarat High Court verdict in Essar case will dissuade others from trying to derail IBC scheme. When the Ruias of Essar Steel approached the Gujarat High Court against the RBI/SBI/StandardChartered move to refer the company to the National Company Law...
Ensure CoC members are seniors, IBBI tells lenders K RAM KUMART+ T- This will prevent delays in resolving stressed assets MUMBAI, OCTOBER 24 To avoid delays in decision-making, the Insolvency and Bankruptcy Board of India (IBBI) has asked banks to ensure that their representatives...
Insolvency and Bankruptcy Board of India No. IBBI/PR/2018/32 22nd October, 2018 PRESS RELEASE IBBI notifies the Insolvency and Bankruptcy Board of India (Mechanism for Issuing Regulations) Regulations, 2018 The Insolvency and Bankruptcy Code, 2016 (Code) is a modern economic legislation. Section 240 of the Code empowers...
The Ordinance, which was passed in Lok Sabha last week, proposes to bar wilful defaulters from bidding for troubled assets during the insolvency process. By: FE Online | Updated: January 2, 2018 6:29 PM Finance Minister Arun Jaitley on Tuesday defended...
The RBI has directed lenders of Lanco to initiate corporate insolvency proceedings against the company under the Insolvency and Bankruptcy Code Mumbai, July 10:   A week after New Delhi-based Hindustan Powerprojects encashed bank guarantees of Lanco Infratech worth ₹500...
Last Updated: 25 August 2017 Article by Singh & Associates  Insolvency and Bankruptcy Code, 2016 (hereinafter, 'the Code') has been envisaged as a tool to assist debt laden companies to clear their dues and start afresh after undergoing the process of...
Sterling Biotech Ltd. - Disclosure Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirement) Regulations, 2015 T+ T- Dear Sir / Madam, We would like to inform you that the brief particulars of the invitation for expression of interest in Form G...
COVID19: NCLAT Extends Interim Orders, Excludes Lockdown Period u/s 12 Proceedings Of IBC To Mitigate Difficulties Sanya Talwar 30 March 2020 5:12 PM The National Company Law Appellate Tribunal (NCLAT) has excluded the period of lockdown for the purposes of counting...
Changes to the IBBI regulations were necessitated after the govt issued an ordinance last month amending the IBC. By: FE Bureau | New Delhi | Published: July 5, 2018 4:59 AM The regulator put in place time frames to be adopted by...
IBC, the theory of Fresh Slate, and few debatable issues with respect to Claims There have been various issues emerging in relation to CIRP, some of these issues are pertaining to the claims which have been made against the Corporate...
NCLAT Directs NCLT To Decide On The Insolvency Plea Filed By ICICI Bank Against Jaiprakash Associates Last Updated: 15 July 2019Article by Debopriya MukherjeeKhurana and Khurana NCLAT...
No Fresh Insolvency For Default Arising After Lockdown Declaration : Centre Brings IBC Amendment Ordinance LIVELAW NEWS NETWORK 5 Jun 2020 8:09 PM The Central Government on Friday promulgated Insolvency and Bankruptcy (Amendment) Ordinance 2020 to effectively suspend the operation of Sections 7, 9...
National Company Law Tribunal notifies transfer of three Members with immediate effect
Sumant Banerji        Last Updated: April 13, 2018  | 19:11 IST Sanjeev Gupta, Executive Chairman, Liberty House Group crore The committee of creditors of troubled domestic auto parts maker Amtek Auto on Thursday approved the resolution plan submitted by Liberty House, clearing the decks...
Key Highlights:  NCLT appoints Anuj Jain for Jaypee Infratech's insolvency precedings Jaypee Infratech touched both upper and lower circuit Jaypee Infratech homebuyers can file for NCLT claim till August 24 Share price of Jaypee Infratech on Wednesday touched both upper...
The move comes in the wake the recent amendment to the IBC which prohibits defaulting promoters and related entities from bidding for their assets IBBI chairman M.S. Sahoo. Comments/suggestions along with brief justification may be sent through the online facility...
NCLT Extends Limitation Period From March 15 Till Further Orders LIVELAW NEWS NETWORK 25 March 2020 12:03 PM The National Company Law Tribunal has issued a notice intimating all the litigants that the extension of limitation period granted by the Supreme...
By Sangita Mehta MUMBAI: Lenders to Essar SteelBSE 0.41 % and the insolvency resolution professional (IRP) have got into a tussle over whether banks can continue to exercise control over the bankrupt company’s cash flows or scrap the curbs to...