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Updates From the Category: Insolvency & Bankruptcy

Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2020

The Board will prepare a common Panel of IPs for appointment as IRP, Liquidator, RP...
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IBBI clarifies role of Liquidator in Avoidance Transactions

The Insolvency and Bankruptcy Board of India vide Circular dated 8th May, 2020 has clarified...
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IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2020

An application received on and from 28th March 2020 and ending on the 30th September...
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RBI Extends Resolution timelines on stressed assets under the prudential framework

Lenders are required to implement a resolution plan in respect of entities in default within...
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CBIC has issued clarification for companies to comply with GST laws under Insolvency and Bankruptcy code, 2016

The Central Board of Indirect Taxes and Customs in its notification dated 23rd March 2020,...
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Lock down period to be excluded from the timeline for insolvency resolution process

The IBBI through amendment states that the period of lockdown imposed by the Central Government...
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Finance Minister announces COVID -19 Compliance reliefs

The Finance Minister on 24th March 2020 has announced several reliefs for easing the burden...
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Ministry of Finance Notifies rules for Banning of unregulated Deposit scheme.

The Ministry of Finance vide notification dated 12th February 2020, has published the Banning of...
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IBBI Amends voluntary liquidation process regulation.

Insolvency and Bankruptcy Board of India vide Notification dated 15th January 2020 has notified the...
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