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IBBI seeks public comments on contents of Request for Proposal (RFP)

Taxscan Team

The Insolvency and Bankruptcy Board of India (IBBI) is inviting public comments on contents of Request for Proposal (RFP). An RFP is an invitation for...

Corporate Debtors - Insolvency Resolution - Taxscan

Calcutta HC Upholds Provisions of Insolvency and Bankruptcy Code differentiating Financial Creditor...

Insolvency and Bankruptcy Code applies to Personal Guarantors of Corporate Debtors [Read...

Customs Valuation - Foreign Contribution - Income Tax Act - SC - Taxscan

Section 9(3)(c) of the Insolvency and Bankruptcy Code, 2016 is directory in nature, says Supreme...

Govt. disposes 2,750 cases under Insolvency and Bankruptcy Code

President Okays Ordinance to Amend Insolvency and Bankruptcy Code, 2016 [Read Ordinance]

The President of India has given his assent today to the Ordinance to amend the Insolvency and Bankruptcy Code, 2016 (the Code). The Ordinance aims at putting in place safeguards to prevent...

Claim of Investments cannot be considered as 'Operational Debt' under Insolvency and Bankruptcy Code: NCLT [Read Order]

The National Company Law Tribunal, New Delhi bench held that investment claim cannot be considered as ‘operational debt’ and the applicant is not an ‘operational creditor’ under section 9 of the...

Tax on any Gain to Firms under Insolvency Code under hair cut be waived: ASSOCHAM to Govt.

Apex industry body ASSOCHAM has written to the government, seeking a slew of tax reliefs, including exemption from tax on any hair cut taken by the banks in the form of a waiver of interest accrued, ...

Give a carve-out to Home Buyers, Treat them at par with Banks in Realty Projects: ASSOCHAM urges Govt.

ASSOCHAM today urged the government, National Company Law Tribunal (NCLT) and the Insolvency and Bankruptcy Board of India to treat home buyers in real estate projects at par, if not above banks in...

RBI identifies Accounts for Reference by Banks under the Insolvency and Bankruptcy Code

The Reserve Bank of India had issued a Press Release on May 22, 2017 outlining the steps taken and those on the anvil pursuant to the promulgation of the Banking Regulation (Amendment) Ordinance,...