Mondaq India: Insolvency/Bankruptcy/Re-structuring
Singh & Associates
Section 53: Section 53 of Companies Act, 2013 deals with prohibition on issuance of shares at discount.
Singh & Associates
The Central Board of Direct Taxes have issued a circular w.r.t relaxation of norms relating to Minimum Alternate Tax (MAT) for the Corporate Debtors against whom the Corporate Insolvency Resolution Process (CIRP) has been initiated...
Singh & Associates
The fees w.r.t other professionals appointed by Insolvency Resolution Professional shall not form part of the insolvency resolution process cost.
Singh & Associates
This requirement amounts to outsourcing responsibilities of an insolvency professional to another person.
Singh & Associates
An Insolvency Professional shall exercise reasonable care and diligence and take all necessary steps to ensure that the corporate person undergoing any process under the Code complies with the applicable laws.
Singh & Associates
On 3rd January 2018, the Board has directed that the Insolvency Professional in all his communications, whether by way of public announcement or otherwise to a stakeholder or to an authority, shall prominently state...
Singh & Associates
On 31st December 2017, The Insolvency and Bankruptcy Board of India ("IBBI/the Board") has amended Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
Khaitan & Co
In our previous publication on the subject, we had discussed the changes introduced by the Ordinance dated 23 November 2017, amending the Insolvency and Bankruptcy Code, 2016.
Singh & Associates
Section 14(2) of the Insolvency and Bankruptcy Code, 2016 (I&B Code 2016) provides that during the moratorium period the supply of essential goods or services ...
S.S. Rana & Co. Advocates
In proceedings with regards to the provisions of the Insolvency and Bankruptcy Code, 2016 the Bombay High Court has passed a landmark judgement ruling that an application under IBC may be made even in cases where ...
Singh & Associates
Recently, the Hon'ble High court of Bombay in the Company Application1 made in Company Petition No. 434 of 20152 ...
Singh & Associates
Section 30 (4) of the Insolvency and Bankruptcy Code that deals with Submission of resolution plan is in the midst of spotlight because of opposite views taken by Adjudicating Authority at Mumbai, NCLT Mumbai...
Singh & Associates
Going forward from the write-up on the subject-topic4 we hereby discuss recent judgments thereafter on the issue of what happens to the proceedings initiated... under Insolvency & Bankruptcy Code 2016
Singh & Associates
On 31st December 2017, The Insolvency and Bankruptcy Board of India ("IBBI/the Board") has amended Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
Singh & Associates
Under the Insolvency and Bankruptcy Code, 2016, for operational creditors to initiate a corporate insolvency resolution process, two steps are required to be followed.
Nishith Desai Associates
In order to address the vexed issue of eligibility of certain class of promoters to bid for projects, Government of India promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance...
Dhir & Dhir Associates
The proceedings pending before the BIFR and the Appellate Authority for Industrial and Financial Reconstruction (AAIFR) stand abated pursuant to coming into force of Repeal Act. However, the schemes sanctioned by the BIFR are protected in terms of Section 5 of Repeal Act.
Nishith Desai Associates
The requirement for an operational creditor to provide a certificate from a financial institution under S. 9(3)(c) of the Code is only directory and not mandatory ...
S.S. Rana & Co. Advocates
The IBBI, through Notification No. IBBI/2017- 18/GN/REG23, on December 31, 2017, has notified the "Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons)...
Trilegal
The RBI has recently issued a notification requiring regulated financial creditors to adhere to certain mandatory requirements of the Insolvency & Bankruptcy Code ...
Most Popular Recent Articles
Dhaval Vussonji & Associates
The Insolvency and Bankruptcy Code, 2016 (IBC) has consolidated and amended the laws relating to reorganization and insolvency of corporate persons, partnership firms and individual firms.
Singh & Associates
The Union Cabinet, in its meeting held in the month of June 2017, has approved19 the Financial Resolution and Deposit Insurance Bill, 2017...
Khurana and Khurana
The Corporate Debtor/Respondent (Uttam Galva Metallics) defaulted in the payment to the Operational Creditor/Appellant (Macquarie Bank) amounting to USD 6,321,337 equivalent to Rs. 43,11,15,190.
Dhir & Dhir Associates
The moratorium in terms of Insolvency and Bankruptcy Code, 2016 (‘IBC') means a period wherein no judicial proceedings for recovery, enforcement of security interest, sale or transfer of assets, or termination of essential contracts can be instituted or continued against the Corporate Debtor.
Singh & Associates
Insolvency and Bankruptcy Code 2016 (I & B Code 2016) was published in the Gazette of India on 28th May 2016.
Nishith Desai Associates
The requirement for an operational creditor to provide a certificate from a financial institution under S. 9(3)(c) of the Code is only directory and not mandatory ...
Phoenix Legal
Valuation of assets is one of the core features of the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016.
VGC Law Firm
It has been one year since the Insolvency and Bankruptcy Code, 2016 ("I&B Code") came into effect. The I&B Code is one of the biggest economic reforms to have taken place recently.
Samvad Partners
The IBC, 2016, that was passed by Parliament and received Presidential assent on May 28, 2016, aims at a significant overhaul of the existing legal framework of insolvency and bankruptcy resolution.
Singh & Associates
Insolvency and Bankruptcy Code, 2016 is enacted to consolidate and amend laws pertaining to insolvency and resolution. Part Ii of the Code deals with the Insolvency Resolution and Liquidation for ‘Corporate persons'.
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