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Updates From the Category: Insolvency & Bankruptcy

The Insolvency and Bankruptcy (Application to Adjudicating Authority) (Amendment) Rules, 2020.

The Amendment is brought under rule 4 which deals with the application by financial creditor...

IBBI temporarily suspends the initiation of corporate insolvency resolution process.

IBBI has temporarily suspended the initiation of the corporate insolvency resolution process under the IBC,...

The IBBI has published the provisional list of Insolvency Professionals

The entities undergoing insolvency procedures can appointment Administrators from the list of insolvency professionals published...

The Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020

The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020 was promulgated by the President on the...

The Insolvency and Bankruptcy Board of India (Use of Caveats, Limitations, and Disclaimers in Valuation Reports) Guidelines, 2020.

The Guidelines provide guidance to the registered valuers in the use of Caveats, Limitations, and...

Government of Delhi amends the special procedure previously notified for corporate debtors

The class of persons that were previously notified will not include corporate debtors who have...

Government of Delhi notifies special procedure for corporate debtors

These corporate debtors are having their affairs managed by Interim Resolution Professionals (IRPs) or Resolution...

The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2020

The Amendment is brought under Regulation 16A where the authorized representative shall circulate the agenda...

Insolvency and Bankruptcy Board of India (Liquidation Process) (Third Amendment) Regulations, 2020

The Amendment is brought under regulation 4 which deals with liquidator’s fee. It is clarified...

Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Second Amendment) Regulations, 2020

The corporate person shall appoint an insolvency professional as liquidator and can replace him wherever...

The Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2020

A limited liability partnership, a registered partnership firm or a company may be recognized as...

IBC (Amendment) Ordinance 2020 Suspends bankruptcy proceedings for further 6 months

The Central Government vide ordinance promulgated on 5th June 2020 has amended the Insolvency &...