![Resolution Professional Becomes Functus Officio After Approval of Plan under IBC: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Resolution-Professional-Functus-Officio-IBC-NCLT-taxscan.jpg "Resolution Professional Becomes Functus Officio After Approval of Plan under IBC: NCLT [Read Order]")
Resolution Professional Becomes Functus Officio After Approval of Plan under IBC: NCLT [Read Order]
The Mumbai bench of the National Company Law Tribunal (NCLT) observed that Resolution Professional (RP) is not empowered to file an application after...
Professional Misconduct: IBBI Imposes Rs. 2.5 Lakhs Penalty on Company Secretary/IP for Violating CIRP Regulations [Read Order]
The Insolvency and Bankruptcy Board of India (IBBI) has imposed a fine of Rs. 2.5 lakhs on the company secretary/ Insolvency Professional for violating the corporate insolvency resolution process...
![Professional Misconduct: IBBI Imposes Rs. 2.5 Lakhs Penalty on Company Secretary/IP for Violating CIRP Regulations [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Professional-Misconduct-IBBI-Imposes-Penalty-Violating-CIRP-Regulations-TAXSCAN.jpg "Professional Misconduct: IBBI Imposes Rs. 2.5 Lakhs Penalty on Company Secretary/IP for Violating CIRP Regulations [Read Order]")
Procedure for submission of financial information u/s 215 of the IBC, 2016 is not mandatory: Calcutta High Court [Read Judgment]
The Calcutta High Court held that the procedure for submission of financial information under Section 215 of the Insolvency and Bankruptcy Code (IBC), 2016 is not mandatory. By the virtue of being...
![Procedure for submission of financial information u/s 215 of the IBC, 2016 is not mandatory: Calcutta High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/Calcutta-High-Court-financial-information-submission-financial-information-Taxscan.jpg "Procedure for submission of financial information u/s 215 of the IBC, 2016 is not mandatory: Calcutta High Court [Read Judgment]")
Calcutta HC quashes NCLT order imposing a mandatory prescription on all Financial Creditors to submit certain financial information retrospectively
The Calcutta High Court quashed the order passed by the National Company Law Tribunal (NCLT) wherein it imposed a mandatory prescription on all financial creditors as defined under the extant...
IBBI amends CIRP Regulations to provide relief in Corporate Insolvency Resolution process due to COVID-19 outbreak
To address this difficulty faced by the lockdown due to COVID-19, the Insolvency and Bankruptcy Board of India (IBBI) amended the CIRP Regulations to provide that the period of lockdown imposed by the...
