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Updates From the Category: Insolvency & Bankruptcy
The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2022.
September 14, 2022
The fee under this regulation may be paid from the funds, available with the corporate...
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The Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2022.
September 14, 2022
An insolvency professional shall not accept /share any fees or charges from any professional and/or...
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The Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2022.
July 6, 2022
As per clause 15A, an insolvency professional shall prominently state in all his communications to...
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The Insolvency and Bankruptcy Board of India (Insolvency Professional Agencies) (Amendment) Regulations, 2022.
July 5, 2022
The disciplinary proceedings shall be conducted in accordance with the provisions of the Insolvency and...
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The International Financial Services Centres Authority (Finance Company) (Amendment) Regulations, 2022.
July 5, 2022
A Finance Unit can be set up if the applicant is an incorporated entity in...
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IBBI publishes Discussion paper on changes in the corporate insolvency resolution process to reduce delays and improve the resolution value.
June 29, 2022
Regulation 40A of the CIRP Regulations provides the timelines for activities in a CIRP. At...
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The Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) (Amendment) Regulations, 2022.
June 16, 2022
The mechanism of complaint/ grievance redressal and subsequent enforcement action has been amended to have...
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Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2022
June 16, 2022
The amendment provides that before filing an application to initiate corporate insolvency resolution process, the...
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Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2022.
June 15, 2022
In order to improve information availability, the amendment places a duty on corporate debtor, its...
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Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2022
April 30, 2022
In relation to the liquidation processes commenced prior to the commencement of the Insolvency and...
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Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Amendment) Regulations, 2022
April 6, 2022
The amendment provides that liquidator shall endeavour to complete the liquidation process of the corporate...
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Limited Liability Partnership(Second Amendment) Rules, 2022
March 7, 2022
It is clarified that Statement of Account & Solvency shall be signed on behalf of...
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