No Appellate Role for Courts Over Govt-Appointed Experts in Board Decisions unless there is Gross Miscarriage of Justice: Delhi HC dismisses Writ Petition against IBBI [Read Order]
The writ petition filed against the Insolvency and Bankruptcy Board of India (IBBI) has been dismissed by a Single bench, Justice Subramonium Prasad...
IBBI Replaces Form G: Notifies IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2023 [Read Notification]
The Insolvency and Bankruptcy Board of India (IBBI) vide notification No. IBBI/2023-24/GN/REG106 has notified Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate...
Non-Counting Votes of Two Major CoC Members i.e Union Bank of India and Bajaj Finserv: IBBI suspends IP [Read Order]
The Disciplinary Committee of the Insolvency and Bankruptcy Board of India (IBBI) suspended an Insolvency Professional (IP), Poonam Basak, on the ground of non-counting votes of two major the...
Valuation Conducted Beyond Prescribed Timelines is violative of Insolvency Bankruptcy Code: IBBI suspends Registration of IP [Read Order]
The Insolvency and Bankruptcy Board of India (IBBI) has valuation conducted beyond prescribed timelines is violative of Insolvency Bankruptcy Code and suspended the registration of Insolvency...
IBBI notifies amendment of Regulatory Fee of Insolvency Resolution of Real Estate Project under CIRP Regulations [Read Notification]
The Insolvency and Bankruptcy Board of India (IBBI) vide notification No. IBBI/2023-24/GN/REG102 issued on 20th July 2023 has notified the amendment of regulatory fee of insolvency resolution of a...
IP Submits Compliance Certificate Despite SRA being ‘related party’ and Ineligible under section 29A of IBC : IBBI Cancels Registration of IP
The Insolvency Bankruptcy Board of India's (IBBI) Disciplinary Committee (DC) revoked the registration of Mr. Ananda Rao Korada as an Insolvency Professional (IP) for multiple reasons, including the...
Treating all Resolutions as Approved, in Absence of Confirmation by Member of CoC is Against Spirit of IBC: IBBI Suspends Registration of IP [Read Order]
The Insolvency and Bankruptcy Board of India (IBBI) suspended the Registration of an Insolvency Professional (IP), Anand Chandra Swain and noted that treating all resolutions as approved, in absence...
![Treating all Resolutions as Approved, in Absence of Confirmation by Member of CoC is Against Spirit of IBC: IBBI Suspends Registration of IP [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Treating-Resolutions-A-pproved-CoC-IBC-IBBI-Registration-IP-TAXSCAN.jpg "Treating all Resolutions as Approved, in Absence of Confirmation by Member of CoC is Against Spirit of IBC: IBBI Suspends Registration of IP [Read Order]")