Insolvency and Bankruptcy Code, 2.0 can be expected to be introduced soon
The ministry of corporate affairs is readying what many believe to be IBC 2.0. The ordinance recommended by the Union Cabinet on Wednesday was part of the plan.
Search Results for: bankruptcy
Homebuyers get a relief under the Insolvency and Bankruptcy Code, 2016
Homebuyer is a person who buys or expects to buy a house. And A promoter is an individual or organization that helps raise money for some type of investment activity.
Insolvency & Bankruptcy Code, 2016- Background
The old and archaic provisions to deal with sickness arising out of financial difficulties have been replaced by Insolvency and Bankruptcy Code, 2016.
Overall scheme of the Insolvency and Bankruptcy Code
An Insolvency and Bankruptcy Board of India (IBBI) will be established. This Board (IBBI) will oversee the work of Insolvency and Bankruptcy of corporate persons, firms and individuals.
Essar Steel- What led to the landmark case under Insolvency and Bankruptcy Laws?
Amongst the 11 high profile case under the purview of Insolvency Code, Essar Steel has attracted a lot of attention.
Gemini’s bankruptcy petition stands rejected before NCLT
The National Company Law Tribunal has dismissed an insolvency application filed by Gemini Innovations, raising doubts over the “unnatural” facts listed by the company in its filing
Financial Creditor & Operational Creditor within the scope of Insolvency & Bankruptcy Code (Amendment) Bill, 2017
The IBC has introduced new and distinct concepts of ‘Financial Creditor’ and ‘Operational Creditor’ as opposed to the Companies Act, 2013 which merely introduced the term ‘creditor’, without any classification thereof.
Insolvency Bankruptcy Amendment Bill- Then and Now
A detailed article about the previous Insolvency and Bankruptcy law and changes that have been improvised post amendment bill in 2017.
Proceed to NCLT for recovery of dues under Insolvency & Bankruptcy Code
To initiate recovery procedure one can approach the National Company Law Tribunal which exercises the power to dispose cases under Insolvency Code.
Robust Insolvency Bankruptcy Laws to deal with bad Loans
The latest amendment bill of Insolvency & Bankruptcy, 2017 has been passed by the Lok Sabha to deal with recovery and reorganization in a speedy, reliable process.
Bankruptcy Code to get substantive amendments in budget
The government is likely to make substantive amendments in upcoming budget into Insolvency and Bankruptcy Code (IBC).
IBBI Chairman in no mood to review amendments in Bankruptcy Rules
The Insolvency and Bankruptcy Board of India (IBBI) appears to be in no mood to review amendments made in the bankruptcy code.
MCA notified sections of Insolvency and Bankruptcy Code, 2016 w.e.f November 15, 2016
The Ministry of Corporate Affairs has vide its notification no S.O.3453 (E) notified section 199 to section 207 [both inclusive], sub-section (1) of section 208-clause (c) and (e), sub-section (2) of section 208, section 217 to section 220 [both inclusive], section 251, section 253, section 254, and section 255 of the Insolvency and Bankruptcy Code, 2016 with effect from November 15, 2016. Please refer the attached … Continue reading “MCA notified sections of Insolvency and Bankruptcy Code, 2016 w.e.f November 15, 2016”
MCA has notified regulation on Insolvency and Bankruptcy Board of India on November 21, 2016
MCA has notified Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 and Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 on November 21, 2016. These two regulations inter alia provide for the eligibility norms to be a professional member of an insolvency professional agency and … Continue reading “MCA has notified regulation on Insolvency and Bankruptcy Board of India on November 21, 2016”
NCLAT Chennai Bench: Tribunal Dismisses Review Application Seeking Recall of Order
In a recent decision, the National Company Law Appellate Tribunal (NCLAT), Chennai Bench, comprising of Justice M. Venugopal, Justice Sharad Kumar Sharma, and Shri Jatindranath Swain, delivered a significant verdict regarding the jurisdiction of tribunals in recalling orders. The case in question, titled Adv. (CA) V. Venkata Sivakumar v Hari S. Hari Karthik & Ors., … Continue reading “NCLAT Chennai Bench: Tribunal Dismisses Review Application Seeking Recall of Order”
join For Updates