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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) (Second) Guidelines, 2022

These Guidelines shall govern appointments as IRP, Liquidator, RP, and BT from January 1, 2023...

IBBI has revised fees applicable to Insolvency Professionals and IPEs

Insolvency and Bankruptcy Board of India (IBBI) has enhanced its existing fee structure and has...

IBBI updates its Research Initiative of 2019

This Initiative aims to promote legal, economic, and interdisciplinary research. It also aims to promote...

IBBI rescinds the circulars superseded by new regulations

IBBI has rescinded the previous circulars superseded by Insolvency and Bankruptcy Board of India (Insolvency...

IBBI notifies revised format of Annual Compliance Certificate for IPAs.

In terms of Regulation 7 of the Insolvency and Bankruptcy Board of India (Model Bye-Laws...

Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Second Amendment) Regulations, 2022

The compliance officer of insolvency professional agency shall submit to the Board, a compliance certificate...

Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2022

No insolvency professional entity, recognized by the Board under the Insolvency and Bankruptcy Board of...

The Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Fourth Amendment) Regulations, 2022.

As per the amendment, No insolvency professional entity, recognised by the Board, shall be eligible...

Insolvency and Bankruptcy Board of India (Information Utilities) (Second Amendment) Regulations, 2022

The amendment provides that where an information utility generates turnover amounting to Rs. 75 crore...

The Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2022.

The liquidator shall operate the process email account handed over to him by the resolution...

The Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Second Amendment) Regulations, 2022.

As per the new regulation 41, the liquidator shall preserve copies of all such records...

The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2022.

As per regulation 4C, the interim resolution professional shall open an email account and use...