IBBI suspends IP for Non-Submission of Supporting Documents with CoC meeting Notices and Failure to Verify Claims of Homebuyers [Read Order]
The Insolvency Board of India (IBBI) has suspended the Insolvency Professional (IP) for 2 years for non-submission of supporting documents with...
![RP Misconduct: IBBI imposes Five Lakh Rupees fine for Conducting CoC Meetings without Sole Financial Creditor [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/RP-Misconduct-IBBI-CoC-Financial-Creditor-taxscan.jpg "RP Misconduct: IBBI imposes Five Lakh Rupees fine for Conducting CoC Meetings without Sole Financial Creditor [Read Order]")
![IBBI imposes Penalty of Rs. 5 Lakhs on RP for Professional Misconduct of Non-mentioning of Clearing of Pre-CIRP dues to CoC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/IBBI-Penalty-RP-Professional-Misconduct-Pre-CIRP-CoC-taxscan.jpg "IBBI imposes Penalty of Rs. 5 Lakhs on RP for Professional Misconduct of Non-mentioning of Clearing of Pre-CIRP dues to CoC [Read Order]")
IBBI (Grievance and Complaint Handling Procedure) Regulations, 2017 to enable filing of Complaint against Service Providers under IBC, answers Lok Sabha [Read Order]
The Lok Sabha while answering the unstarred question said that IBBI (Grievance and Complaint Handling Procedure) Regulations, 2017 to enable filing of complaint against service providers under the...
![IBBI (Grievance and Complaint Handling Procedure) Regulations, 2017 to enable filing of Complaint against Service Providers under IBC, answers Lok Sabha [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/IBBI-IBBI-Regulations-complaint-service-providers-IBC-Lok-Sabha-Taxscan.jpeg "IBBI (Grievance and Complaint Handling Procedure) Regulations, 2017 to enable filing of Complaint against Service Providers under IBC, answers Lok Sabha [Read Order]")
Resolution Plan can’t be challenged by Secured Creditors on grounds of Higher Amount payable on Security Interest: Supreme Court [Read Judgment]
The Supreme Court ruled that the Resolution Plan approved under the Insolvency and Bankruptcy Code (IBC) cannot be challenged by Secured Creditors on grounds of Higher Amount payable on Security...
NCLT can't direct Invitation of fresh bids from Resolution applicants once Resolution Plan is approved by CoC: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has ruled that the NCLT (National Company Law Tribunal) cannot direct for invitation of fresh bids from resolution applicants once the plan for...
![NCLT cant direct Invitation of fresh bids from Resolution applicants once Resolution Plan is approved by CoC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/NCLT-Invitation-of-fresh-bids-from-resolution-applicants-resolution-plan-CoC-NCLAT-taxscan.jpg "NCLT cant direct Invitation of fresh bids from Resolution applicants once Resolution Plan is approved by CoC: NCLAT [Read Order]")
Collusive or Sham Transactions with a Corporate Debtor won’t amount to ‘Financial Debt’: Supreme Court [Read Judgment]
The Supreme Court held that the Collusive or sham transactions with a corporate debtor will not amount to ‘financial debt’ under the Insolvency and Bankruptcy Code 2016. The appellant, Phoenix Arc...
![Collusive or Sham Transactions with a Corporate Debtor won’t amount to ‘Financial Debt’: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Collusive-Sham-Transactions-Corporate-Debtor-Financial-Debt-Supreme-Court-Taxscan.jpg "Collusive or Sham Transactions with a Corporate Debtor won’t amount to ‘Financial Debt’: Supreme Court [Read Judgment]")
Insolvency and Bankruptcy Board of India organises a Workshop on “Committee of Creditors: An Institution of Public Trust”
The Insolvency and Bankruptcy Board of India (IBBI) jointly with the State Bank of India and the Indian Banks’ Association organized a one-day virtual workshop on “Committee of Creditors: An...
![NCLT orders Liquidation of dairy products firm Kwality Ltd. [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/NCLT-New-Delhi-orders-liquidation-dairy-products-firm-Kwality-Ltd.-Taxscan.jpg "NCLT orders Liquidation of dairy products firm Kwality Ltd. [Read Order]")
Avoidance applications relating to preferential transactions doesn’t survive beyond conclusion of CIRP: Delhi HC [Read Order]
The Delhi High Court while quashing the orders passed by the NCLT held that the avoidance applications relating to preferential transactions under Section 43 of Insolvency and Bankruptcy Code (IBC)...
![Avoidance applications relating to preferential transactions doesn’t survive beyond conclusion of CIRP: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Avoidance-applications-preferential-transactions-CIRP-Delhi-High-Court-Taxscan.jpg "Avoidance applications relating to preferential transactions doesn’t survive beyond conclusion of CIRP: Delhi HC [Read Order]")