The Ministry of Law and Justice on Friday notified Insolvency and Bankruptcy Code IBC (Amendment) Ordinance, 2020. The government of India has effectively suspended fresh bankruptcy proceedings against persons impacted because of COVID-19 for at...
The Central Board of Indirect Taxes and Customs ( CBIC ) has amended the Special Procedure for Corporate Debtors under the Insolvency and Bankruptcy Code, 2016. On March 21st, 2020, the CBIC had laid down...
The High Court of Rajasthan today struck down the tax demand by the Goods and Service Tax (GST) Department of Rajasthan against UltraTech Cement for old unpaid dues of Binani Cement. The assessee, Binani Cement...
The Central Board of Indirect Taxes and Customs (CBIC) has laid down the special procedure to be followed in case of Corporate Debtors under the Insolvency and Bankruptcy Code (IBC). This is according to the...
The National Company Law Appellate Tribunal (NCLAT) is being constituted in Chennai to handle matters arising from Southern states. The Central Government notifies that in the exercise of the powers conferred by section 410 of...
The GST Council, in its 39th meeting held on 14.03.2020, has made the five important following recommendations in the CGST Rules : Procedure for reversal of input tax credit in respect of capital goods partly...
The Insolvency And Bankruptcy Board of India ( IBBI ) has notified citing an amendment to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2016. As per the...
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 Vice President of India, Shri M. Venkaiah Naidu has said the enactment of Insolvency and Bankruptcy Code was one of the success stories of Indian economic reforms and that it played a critical role...
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...
In India, there are so many companies which are under the Insolvency and Bankruptcy Code (IBC) and where the shareholders are thinking that to get a fair deal to secure their shares in the companies....
The Insolvency and Bankruptcy Board of India ( IBBI ) signed a Cooperation Agreement yesterday with the International Finance Corporation (IFC), a Member of the World Bank Group (WBG). The Agreement was signed by Mr....
The Insolvency and Bankruptcy Code, 2016 provides for corporate insolvency resolution process for invitation, receipt, and consideration of resolution plans; and approval of a resolution plan to resolve insolvency of the corporate debtor. It envisages...
A division bench of the Hyderabad High Court has held that an order of attachment of the subject property by the Income Tax department cannot affect the completion of the sale effected by the liquidator...
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...
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...
In a bid to cracking the whip on bad loans, the Reserve Bank of India (RBI) is monitoring more than three dozen chartered accountants allegedly conniving with promoters in defaulting as well as restructuring the...
The Insolvency and Bankruptcy Code, 2016 ( IBBI ) provides for a class of regulated professionals, namely, Insolvency Professionals (IP), who constitute one of the four key pillars of the insolvency regime, other three being the Adjudicating...
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 Insolvency and Bankruptcy Code, 2016 (Code) 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...
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...
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