Proceedings u/s 61 of IBC cannot be Instituted by Official Liquidator to Challenge Directions by IBBI: NCLAT [Read Order]
The Chennai bench of the National Company Law Appellate Tribunal dismissed an appeal filed by the Liquidator of the Corporate Debtor M/s RLS Alloys...
![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]")
IBBI Notifies Extension of Time for Filing Forms to Monitor Voluntary Liquidation Processes under IBCÂ [Read Circular]
The Insolvency and Bankruptcy Board of India ( IBBI ) notified Vide Circular No. IBBI/LIQ/74/2024 dated 28.06.2024Â extended the time for filing Forms to monitor voluntary liquidation processes under...
IBBI dismisses RTI Appeal seeking SCN issued to Insolvency Professional citing Confidential Nature of Commercial Documents [Read Order]
The Executive Director and First Appellate Authority of Insolvency and Bankruptcy Board Of India ( IBBI ) recently dismissed a Right to Information ( RTI ) Application seeking a copy of Show-Cause...
IBBI denies Data of IBC Violation Cases in RTI, says cannot Disproportionately Divert Resources [Read Order]
The Executive Director and First Appellate Authority of the Insolvency and Bankruptcy Board Of India ( IBBI ) in a recent matter held that the resources of the IBBI cannot be disproportionately...
New IBBI Regulation: Information Utility to Verify Debtor’s Details Before Default Record Issuance [Read Notification]
The Insolvency and Bankruptcy Board of India ( IBBI ) has issued new amendments to the IBBI (Information Utilities) Regulations. It has inserted a new provision 21A mandating the verification of...
IBBI extends SCN Disposal from 35 days to 60 days, amends Inspection and Investigation Regulations [Read Notification]
The Insolvency and Bankruptcy Board of India ( IBBI ) has extended the SCN ( Show Cause Notice ) disposal from 35 days to 60 days issued under IBBI (Inspection and Investigation) Regulations. For...
Insolvency Professional Entities are qualified to Appoint as Resolution Professionals: NCLT Holds in Favour of Piramal Capital [Read Order]
The National Company Law Tribunal( NCLT ) held that Insolvency Professional Entities ( IPEs ) are qualified to be appointed as Resolution Professionals ( RPs ) under the Insolvency and Bankruptcy...
