The Insolvency and Bankruptcy Board of India (IBBI) vide notification No. IBBI/2023-24/GN/REG105 issued on 19th September 2023 has notified the Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies)
The Insolvency and Bankruptcy Board of India has notified the amendment to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2022 to enable the payment of a
The Insolvency and Bankruptcy Board of India ( IBBI ) has expressly prohibited the empanelment of Insolvency Professional Entities with market participants. “It has been observed that a few market participants are seeking empanelment of
The Insolvency and Bankruptcy Board of India ( ‘IBBI’ ) recently introduced major amendments through the IBBI ( Liquidation Process ) ( Amendment ) Regulations, 2024 ( ‘2024 Regulations’ ) to the existing IBBI (Liquidation
The Standing Committee on Finance has called for a review of the design of the Insolvency and Bankruptcy Code ( IBC ), which was enacted in May 2016. The Parliamentary Panel said in an action
Insolvency and Bankruptcy Board of India (IBBI) has issued a circular wherein it was clarified that the Disciplinary Committee of an Insolvency Professional Agency (IPA) may impose monetary penalty on its professional members under Clause
The Insolvency and Bankruptcy Board of India has amended corporate insolvency resolution process ( CIRP ) regulations with effect from 15th day of February, 2024. Procedures for Voting: The CoC is empowered to decide the
The Insolvency and Bankruptcy Board of India (IBBI) suspended the Registration of an Insolvency Professional (IP), Anand Chandra Swain and noted that treating all resolutions as approved, in absence of confirmation by member of Committee
The Insolvency and Bankruptcy Board of India (IBBI) suspended an insolvency professional shall be for three months on the ground that he used the term ‘IBBI’ in his LLP’s name. In the present case, Mr.
The Insolvency and Bankruptcy Board of India ( IBBI ) directed the Resolution Professional (RP) to provide copy of report prepared under Section 99 of the Insolvency and Bankruptcy Code, 2016 ( IBC ) to
The Indore Bench of the National Company Law Tribunal ( NCLT ) directed the liquidator to re-conduct bidding as private sale conducted in non-transparent manner. In the process, all the prospective applicants namely Samyak International
In a circular issued on Wednesday, the Insolvency and Bankruptcy Board of India directed the professionals to ensure compliance with provisions of the applicable laws with reasonable care and diligence. The Board directed that while
The Insolvency and Bankruptcy Board of India ( IBBI ) has issued guidelines to be followed while appointing Insolvency Professionals as Administrators under the Securities Exchange Board of India (SEBI). The IBBI and the SEBI
The Insolvency Bankruptcy Board of India ( IBBI ) has incorporated new provisions with regards to the resignation of the Insolvency Professionals ( IP ) from an assignment vide notification no. IBBI/2023-24/GN/REG 110 dated 31st
The Insolvency and Bankruptcy Board of India ( IBBI ) has imposed a penalty equal to one hundred percent of the total fee payable to him as IRP and as RP in the CIRPs on
