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Updates From the Category: Insolvency & Bankruptcy

IBBI Discussion Paper on ‘Strengthening the Liquidation Process’

The paper proposes that the IBC may provide that the liquidator should list all assets...
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IBBI seeks Rationalization of the Regulatory Framework for Enhancing the Effectiveness of Insolvency Professional Entities in Insolvency Resolution Process

Following limits are prescribed for IPs and IPEs in terms of assignments taken up: For...
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IBBI Discussion Paper on Streamlining the Voluntary Liquidation Process

The IBBI has solicited public comments on these proposed changes, in accordance with its regulatory...
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IBBI invites suggestions to simplify, ease and reduce cost of compliance of Regulations under IBC

The comments may be provided online by visiting the IBBI website at - https://ibbi.gov.in/webfront/regulation_comment.php ....
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IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2023

To expedite the resolution process and reduce delays, the amended regulations extend the timeline for...
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Clarification regarding Filing of CIRP Forms for the purpose of monitoring corporate insolvency resolution processes and performance of insolvency professional entities under IBC

The facility for submitting the CIRP Forms has been now extended to entities acting as...
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Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2023

it is hereby clarified that the regulatory fee under this regulation shall not be payable...
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Production Sharing Contracts, Revenue Sharing Contracts, Exploration Licenses and Mining Leases exempted from moratorium declared under IBC

The moratorium declared under Insolvency and Bankruptcy Code, 2016 shall not apply where the corporate...
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Insolvency Professionals to Act as Interim Resolution Professionals, Liquidators, Resolution Professionals, and Bankruptcy Trustees (Recommendation) Guidelines, 2023

These guidelines provide the procedure to establish a panel of eligible Insolvency Professionals (IPs) for...
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Discussion Paper on measures for increasing the possibility of resolution, value of
resolution plan and enabling timely resolution

These proposals aim to address issues related to timely resolution, value realization, and efficient management...
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Discussion Paper on Simplification of Enrolment and Registration Process for Ease of Entry in the Insolvency Profession

By modifying the requirements, standardizing the PREC, and streamlining the enrolment and registration procedures, the...
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NCLT judgement regarding approval of insolvency resolution plan

It is laid down that mere allocation of meagre amount cannot be a ground to...
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