Finance Ministry suspends Fresh Initiation of Insolvency Proceedings up to One Year, Debts incurred due to COVID-19 not 'Default' for IBC
The Ministry of Finance has suspended the fresh initiation of insolvency proceedings up to one year depending upon the COVID-19 pandemic situation. ...
![CBIC clarifies on issues under GST Law for Companies under IBC [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/03/GST-Law-IBC-Taxscan-1.jpg "CBIC clarifies on issues under GST Law for Companies under IBC [Read Circular]")
![Limitation period will not be extended in SARFAESI & DRT Proceedings on part payment under IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/12/NCLAT-Taxscan.jpg "Limitation period will not be extended in SARFAESI & DRT Proceedings on part payment under IBC: NCLAT [Read Order]")
MCA issues Clarification on Statutory Compliances of Corporate Insolvency Resolution under IBC, 2016 [Read Circular]
The Ministry of Corporate Affairs (MCA) issued a circular to clarify the statutory compliances of Corporate Insolvency Resolution (CIR) under Insolvency Bankruptcy Code, 2016 (IBC). The circular was...
![MCA issues Clarification on Statutory Compliances of Corporate Insolvency Resolution under IBC, 2016 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-7-2.jpg "MCA issues Clarification on Statutory Compliances of Corporate Insolvency Resolution under IBC, 2016 [Read Circular]")
![NCLAT releases Flipkart India from Corporate Insolvency Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Flipkart-India-Insolvency-Proceedings-NCLAT-Taxscan.jpg "NCLAT releases Flipkart India from Corporate Insolvency Proceedings [Read Order]")
![MCA mandates Filing of MCA-21 by Insolvency Professionals [Read Circular]](https://www.taxscan.in/wp-content/uploads/2019/03/e-filing-vault-Taxscan.jpg "MCA mandates Filing of MCA-21 by Insolvency Professionals [Read Circular]")
Insolvency and Bankruptcy Code Improves Resolution Process: Registering a 4-Fold Decline in Resolution Time
The Economic Survey 2019-20 highlights that The Insolvency and Bankruptcy Code (IBC) has improved the resolution process in India compared to the earlier measures. The IBC proceedings take 340 days on...
IBBI notifies Regulations for Insolvency Resolution and Bankruptcy Proceedings of Personal Guarantors to Corporate Debtors [Read Notification]
Following the notification by the Central Government on 15th November, relating to proceedings of Personal Debtors to Corporate Debtors, the Insolvency and Bankruptcy Board of India (IBBI) today...
![IBBI notifies Regulations for Insolvency Resolution and Bankruptcy Proceedings of Personal Guarantors to Corporate Debtors [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/01/Insolvency-Code-Corporate-Debtors-Taxscan.jpg "IBBI notifies Regulations for Insolvency Resolution and Bankruptcy Proceedings of Personal Guarantors to Corporate Debtors [Read Notification]")
Insolvency Law vital for stability in Financial Systems: Vice President Inaugurates Insolvency Research Foundation
The Vice President of India, Shri M. Venkaiah Naidu has said the enactment of Insolvency and Bankruptcy Code was one of the success stories of Indian economic reforms and that it played a critical...
