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Updates From the Category: Insolvency & Bankruptcy

IRDAI allows Insurers to invest in debt instrument of InvITS and REITS.

The cumulative Investments in Units and Debt Instruments of InvITs and REITs shall not exceed...

IRDAI (Manner of Assessment of Compensation to Shareholders or Members on Amalgamation) Regulations, 2021.

The Object of this regulation is to provide for the manner of assessment of compensation...

IBBI issues clarification regarding Consideration of matters by the committee of creditors on request of members

The members of the CoC having 33% of the voting rights may request the RP...

The Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2021.

The amendment is brought under regulation 27 which deals with duties of the users in...

Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021

The Insolvency and Bankruptcy Board of India (Prepackaged Insolvency Resolution Process) Regulations, 2021 introduces new...

MCA notifies Insolvency and Bankruptcy (pre-packaged insolvency resolution process) Rules, 2021.

A corporate applicant, shall make an application for initiating pre-packaged insolvency resolution in Form 1,...

Central Government sets Rs 10 lakh as minimum threshold default for initiating resolution process by MSME corporate debtor.

Pre-packs are an arrangement where the resolution of a company’s business is negotiated with a...

IBBI directs the IRP/RPs to report the status of ongoing corporate insolvency resolution processes through Form CIRP 7.

The activities for which reporting has been made mandatory include failure to make public announcement...

Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2021

The amendment provides that a creditor shall update its claim as and when the claim...

IBBI extends validity of the Insolvency and Bankruptcy Board of India (Online Delivery of Educational Course and Continuing Professional Education by Insolvency Professional Agencies and Registered Valuers Organizations) Guidelines, 2020

The IBBI has extended the validity of the Insolvency and Bankruptcy Board of India (Online...

Guidelines for Appointment of IPs as Administrators under the SEBI (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018

The IBBI and the SEBI have mutually agreed and issued a Panel of IPs which...

IBBI launches electronic platform for filing of list of stakeholders

The insolvency professionals are directed to file the list of stakeholders of the respective corporate...