An Analysis to the Role of IRP under IBCÂ
The Insolvency Resolution Professional ( IRP ) plays a critical role in the Insolvency and Bankruptcy Code ( IBC ), 2016. As the initial...
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...
Adjudicating Authority cannot consider Settlement Proposal with Higher Value after Approval of Resolution Plan By CoC:Â NCLT [Read Order]
The Delhi bench of the National Company Law Tribunal ( NCLT ) held that the Adjudicating Authority cannot consider a Settlement Proposal, even of a higher value than the Resolution Plan, after the...
![Adjudicating Authority cannot consider Settlement Proposal with Higher Value after Approval of Resolution Plan By CoC:Â NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/NCLT-National-Company-Law-Tribunal-CoC-Committee-of-Creditors-Adjudicating-Authority-Taxscan.jpg "Adjudicating Authority cannot consider Settlement Proposal with Higher Value after Approval of Resolution Plan By CoC:Â NCLT [Read Order]")
CoC under IBC can Liquidate Corporate Debtor any Time after its Constitution or Before Resolution Plan is Confirmed: NCLT [Read Order]
The Delhi bench of the National Company Law Tribunal has held that the Committee of Creditors ( CoC ) under the Insolvency and Bankruptcy Code, 2016 ( IBC ) can decide to liquidate the Corporate...
