Insolvency and Bankruptcy Board of India notifies IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2023 [Read Notification]
The Insolvency and Bankruptcy Board of India (IBBI) vide notification No. IBBI/2023-24/GN/REG105 issued on 19th September 2023 has notified the...
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]")
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 the CoC meeting notices. Also, the IP has failed...
Extension application after 5 months of Expiry of Liquidation Period without Condoning Delay is Gross Negligence: IBBI suspends IP for 1 year
The Insolvency and Bankruptcy Board of India (IBBI) has suspended the Insolvency Professional (IP) for 1 year for filing the application for extension after 5 months of the expiry of the liquidation...
Non-availability of Funds is not a valid reason for Non-opening of Liquidation Bank Account: IBBI warns Insolvency Professional [Read Order]
The Insolvency and Bankruptcy Board of India (IBBI) has held that the non-availability of funds is not a valid reason for the non-opening of the liquidation bank account and warned the Insolvency...
