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Updates From the Category: Insolvency & Bankruptcy

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

A resolution professional may convene a meeting of the committee as and when he considers...
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IBBI publishes (FAQs) on Insolvency and Bankruptcy Code, 2016.

As per the revised edition, it has been clarified, that provisions relating to the insolvency...
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IBBI extends the validity of Online Delivery of Educational Course and Continuing Professional Education by Insolvency Professional Agencies and Registered Valuers Organisations Guidelines, 2020 till 31st March, 2022.

Regulation 7(2)(ba) of IBBI (Insolvency Professionals) Regulations, 2016, mandates that the registration of an IP...
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IBBI has notified the revised format for filing of creditors.

In pursuance of clause (ca) of sub-regulation (2) of regulation 13 of the IBBI (Insolvency...
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MCA invites comments from public on Cross-Border Insolvency under Insolvency and Bankruptcy Code, 2016.

Cross-border insolvency’ denotes circumstances in which an insolvent debtor has assets and/or creditors in more...
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IBBI issues Clarification regarding requirement of seeking No Objection Certificate from the Income Tax Department.

Regulation 14 of the IBBI (Voluntary Liquidation Process) Regulations, 2017 (the Regulations) mandates the liquidator...
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HFCs shall qualify as Financial Institutions under SARFAESI Act

The HFCs registered under of National Housing Bank Act, 1987 and having assets worth ₹100...
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Insolvency and Bankruptcy Code (Amendment) Act, 2021.

An application for initiating pre-packaged insolvency resolution process may be made in respect of a...
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IBBI issues standard and uniform limits for monetary penalties to be imposed by an Insolvency Professional Agencies

The circular intends to ensure that the IP agencies will have the flexibility to impose...
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The Insolvency and Bankruptcy Code (Amendment) Bill, 2021

The amendment seeks to replace the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 promulgated on...
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IBBI amends the guidelines on Technical Standards for the performance of core services and other services under the Insolvency and Bankruptcy Board of India regulation.

The amendment defines the term “Identity Details” which means C-KYC number in the C-KYC database...
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The Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2021.

The Amendment modifies the qualification and experience of the insolvency professional....
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