The President today gave assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018. The Ordinance provides significant relief to home buyers by recognizing their status as financial creditors. This would give them due

Finance Minister Nirmala Sitharaman has introduced the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021. The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 was promulgated on April 4, 2021.  It amends the Insolvency and Bankruptcy Code,

The Lok Sabha has passed The Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020. The Insolvency and Bankruptcy Code allows a corporate debtor as well as its creditors to initiate an insolvency resolution process.  The

The Insolvency and Bankruptcy Board of India ( IBBI ) has suspended an Insolvency Professional for demand of undue advantage of Rs.20 lakhs. The Central Bureau of Investigation (CBI) had registered a First Information Report

The Insolvency and Bankruptcy Board of India (IBBI) is inviting public comments on contents of Request for Proposal (RFP). An RFP is an invitation for resolution plans from prospective resolution applicants who wish to bid

The Delhi National Company Law Appellate Tribunal (NCLAT) held that there was no need to file application for condonation of delay as since Supreme Court extended limitation. The appellant, M/s. Essjay Ericsson Private Limited has

In light of recent amendments in the Insolvency and Bankruptcy Code (IBC) and the regulations, the Insolvency and Bankruptcy Board of India (IBBI) has rescinded a few circulars with immediate effect. A circular issued by

The Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) today with the Reserve Bank of India (RBI). The MoU was signed by Mr. Sudarshan Sen, Executive Director of the RBI and Dr. (Ms.) Mamta Suri, Executive Director of the

The National Company Law Tribunal, Hyderabad Bench observed that 'Provisional Order of Attachment' under the Prevention of Money Laundering Act, 2002 (PMLA) will not nullify protection under Section 32A of the Insolvency and Bankruptcy Code,

The Insolvency and Bankruptcy Code, 2016  is a modern economic legislation. Section 240 of the Code empowers the Insolvency and Bankruptcy Board of India ( IBBI ) to make Regulations subject to the conditions that

The Ministry of Corporate Affairs (MCA) has notified the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 (Rules) today to provide a generic framework for

The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) observed that advance paid by speculative buyer in real estate not financial debt under the Insolvency and Bankruptcy Code, 2106 (

In a significant ruling the Supreme Court of India ruled that the properties sold in auction sale before declaration of moratorium not liquidation asset under the Insolvency and Bankruptcy Code (IBC) 2016. A sale certificate

Due to suspected violations of the CIRP norms and the Insolvency and Bankruptcy Code (IBC), the Disciplinary Committee of the Insolvency and Bankruptcy Board of India (IBBI) has suspended the registration of an Insolvency Professional

The Insolvency and Bankruptcy Board India (IBBI) notified regulations related to the Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2019, and the Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing