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...
Appointment of Process Advisor to Assist IP in performance of Function of Code not Amount to Outsourcing of Duty: IBBI
The Insolvency and Bankruptcy Board of India (IBBI) has held that appointment of a Process Advisor to assist Insolvency Professional (IP) in the performance of the function of code does not amount to...
IBBI clarifies Monetary Penalties to be imposed by Insolvency Professional Agency: Directs IPA to amend Bye-Laws [Read Circular]
Insolvency and Bankruptcy Board of India (IBBI) has issued a circular wherein it was clarified that the Disciplinary Committee of an Insolvency Professional Agency (IPA) may impose monetary penalty...
![IBBI clarifies Monetary Penalties to be imposed by Insolvency Professional Agency: Directs IPA to amend Bye-Laws [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/07/IBBI-Monetary-Penalties-Insolvency-Professional-Agency-IPA-to-amend-Bye-Laws-Taxscan.jpeg "IBBI clarifies Monetary Penalties to be imposed by Insolvency Professional Agency: Directs IPA to amend Bye-Laws [Read Circular]")
Insolvency Professional Agency can promptly realize Monetary Penalties imposed by Disciplinary Committee: Govt amends Rules [Read Notification]
The Central Government has notified a new amendment to the Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 wherein...
![Insolvency Professional Agency can promptly realize Monetary Penalties imposed by Disciplinary Committee: Govt amends Rules [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/07/Insolvency-Professional-Agency-Monetary-Penalties-Disciplinary-Committee-taxscan.jpg "Insolvency Professional Agency can promptly realize Monetary Penalties imposed by Disciplinary Committee: Govt amends Rules [Read Notification]")
![IBBI unveils rules for new pre-packaged Resolution Process [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/04/IBBI-new-pre-packaged-resolution-process-Taxscan.jpeg "IBBI unveils rules for new pre-packaged Resolution Process [Read Notification]")
![IBBI amends Voluntary Liquidation Process Regulations, 2017 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/08/IBBI-Voluntary-Liquidation-Process-Regulations-Taxscan.jpg "IBBI amends Voluntary Liquidation Process Regulations, 2017 [Read Notification]")