Category Archives: Insolvency and Bankruptcy Code 2016

2,750 cases disposed off under Insolvency and Bankruptcy Code

By | December 20, 2017

Govt. disposes 2,750 cases under Insolvency and Bankruptcy Code Posted On: 19 DEC 2017 6:32PM by PIB Delhi After notification of relevant provisions of the Insolvency and Bankruptcy Code 2016 on 01.12.2016, 2,434 fresh cases have been filed before NCLT and 2,304 cases of winding up of companies have been transferred from various High Courts.… Read More »

Insolvency & Bankruptcy Board of India Guidelines for Technical Standards for Core Services

By | December 15, 2017

Insolvency and Bankruptcy Board of India issues Guidelines for Technical Standards for Core Services  Based on recommendations of the Technical Committee, the Insolvency and Bankruptcy Board of India (IBBI) has laid down the Technical Standards for the performance of Core Services for the following matters under Regulation 13 of the IBBI (Information Utilities) Regulations, 2017:   i)            standard… Read More »

Insolvency and Bankruptcy Code : Govt invites suggestions

By | December 15, 2017

Government Panel invites suggestions/comments from stakeholders about the provisions of the Insolvency and Bankruptcy Code and the Rules and Regulations notified there under Comments/suggestions along with the brief justification may be sent through the online facility only available on MCA website up to 10th January, 2018 In the First Meeting of the Insolvency Law Committee,… Read More »

IBBI notify Regulations for handling of Grievances and Complaints under Insolvency and Bankruptcy code 2016

By | December 10, 2017

The Insolvency and Bankruptcy Board of India (IBBI) notifies Regulations for handling of Grievances and Complaints.  The Insolvency and Bankruptcy Board of India (IBBI) has notified the IBBI (Grievance and Complaint Handling Procedure) Regulations, 2017 in the Gazette of India on 7th December, 2017. The Regulations enable a Stakeholder, namely, debtor, creditor, claimant, service provider, resolution applicant… Read More »

Book Guide to Insolvency and Bankruptcy Code 2016 : Nov 2017 : Taxmann

By | December 2, 2017

Guide to Insolvency and Bankruptcy Code 2016 (2018 Edition) – Nov.2017 As amended by Insolvency and Bankruptcy Code (Amendment) Ordinance 2017 Description Also Incorporating: Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations,2016 Insolvency and Bankruptcy Board of India (Insolvency Professional Agencies) Regulations,2016 Insolvency and Bankruptcy Board of India… Read More »

Ordinance to amend Insolvency and Bankruptcy Code 2016.

By | November 23, 2017

Press Release dated 23.11.2017 from Ministry of Corporate Affairs, Government of India Ordinance to amend the Insolvency and Bankruptcy Code, 2016 promulgated; Ordinance aims at putting in place safeguards to prevent unscrupulous, undesirable persons from misusing or vitiating the provisions of the Code. The Government of India promulgated today the Ordinance to amend the Insolvency… Read More »

Insolvency & Bankruptcy Code Ready Reckoner 2017-by CA. Kamal Garg

By | November 18, 2017

INSOLVENCY & BANKRUPTCY CODE READY RECKONER Paperback – 2017 by CA. Kamal Garg (Author, Narrator),‎ INSOLVENCY & BANKRUPTCY CODE READY RECKONER (Translator) Product description Division 1 Process Guide for Interim Resolution Professional Chapter 1 Introduction Chapter 2 Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC) – Ready Reckoner Chapter 3 Timelines in Corporate Insolvency Resolution Process… Read More »

Due Diligence Framework under the Insolvency & Bankruptcy Code, 2016 

By | November 8, 2017

Insolvency and Bankruptcy Board of India (IBBI) strengthens its Due Diligence Framework under the Insolvency and Bankruptcy Code, 2016  Now prior to approval of a Resolution Plan, the Resolution Applicants, including promoters, will be put to a stringent test with respect to their credit worthiness and credibility; Amendments to the IBBI (Insolvency Resolution Process for… Read More »

Amendments to IBBI (Insolvency Resolution Process for Corporate Persons) Regulations 2016

By | October 6, 2017

Amendments to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 and the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017  The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate… Read More »

IBBI notifies the IBBI (Information Utilities) (Amendment) Regulations, 2017 

By | October 5, 2017

IBBI notifies the IBBI (Information Utilities) (Amendment) Regulations, 2017 IBBI had notified the IBBI (Information Utilities) Regulations, 2017 on 31st March, 2017. These regulations provided that ordinarily a person should not hold more than 10% of paid up equity share capital or voting power of an information utility, while allowing certain specified persons to hold up to 25%.… Read More »

Insolvency cases may be filed in Courts also instead of Debt Recovery Tribunals

By | August 29, 2017

Stakeholders who intend to pursue their insolvency cases may approach appropriate authority/court under the existing enactments, instead of approaching the Debt Recovery Tribunals (DRTs).  It has come to notice of Ministry that Writ Petitions are being filed before some High Courts stating that ‘The Presidency Towns Insolvency Act, 1909’ and ‘The Provincial Insolvency Act, 1920’ (enactments) have… Read More »

Insolvency & Bankruptcy Code Alongwith NCLT : Aug 2017 Edition Book : Bharat Publication

By | August 14, 2017

Insolvency & Bankruptcy Code Alongwith NCLT Being a comprehensive Bare Act on Corporate The Insolvency and Bankruptcy Code, 2016. Price Rs 550 Click to buy online Publisher: Bharat Law House Pvt. Ltd. Edition: 2017 edn. Year: 2017 ISBN: 978-93-5139-526-3 Pages: 504 Division I Insolvency and Bankruptcy Code, 2016 alongwith Regulations and Rules 1          The Insolvency and… Read More »

Bharat  Guide to Insolvency & Bankruptcy Code Book by Dr. D. K. Jain

By | August 14, 2017

Bharat  Guide to Insolvency & Bankruptcy Code by Dr. D. K. Jain Based on the Insolvency and Bankruptcy Code, 2016 and Rules and Regulations notified thereunder alongwith commentary and Case Laws Price Rs 1795 Click to buy online DIVISION I LAW & PROCEDURE Part 1        Basics about the Insolvency and Bankruptcy Code, 2016 Part 2        Insolvency Resolution… Read More »

Regulations under Insolvency and Bankruptcy Code 2016 : Comments invited

By | July 6, 2017

Insolvency and Bankruptcy Board of India invites comments from public on the Regulations notified under the Insolvency and Bankruptcy Code, 2016.  The Insolvency and Bankruptcy Code, 2016 (Code) is a modern economic legislation. Section 240 of the Code empowers the Insolvency and Bankruptcy Board of India (IBBI) to make regulations subject to the conditions that the regulations: (a) carry out the… Read More »

Fast Track Insolvency Resolution Process for Corporate Persons Regulations notified by IBBI

By | June 16, 2017

Insolvency and Bankruptcy Board of India notifies Fast Track Insolvency Resolution Process for Corporate Persons Regulations The Insolvency and Bankruptcy Board of India (IBBI), in exercise of its powers conferred by sections 58, 196 and 208 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (Code), has notified the Insolvency and Bankruptcy Board… Read More »

Handbook on Insolvency and Bankruptcy Code 2016, 2E- Book 2017- CA. G Sekar FCA

By | June 3, 2017

Handbook on The Insolvency and Bankruptcy Code, 2017, 2E Paperback – 1 Apr 2017  by CA. G Sekar FCA (Author) The New Book Titled Handbook for ” The Insolvency and Bankruptcy Code, 2016 ” is an outcome of the recent legislation. This revised edition, caters the requirements of the Professionals to understand the New Law,… Read More »

Insolvency Professionals to act as Interim Resolution Professionals (Recommendation) Guidelines 2017

By | June 2, 2017

Insolvency Professionals to act as Interim Resolution Professionals (Recommendation) Guidelines, 2017 25th May, 2017 Provisions of the Insolvency and Bankruptcy Code, 2016 1. Section 16 (3)(a) of the Insolvency and Bankruptcy Code, 2016 (Code) requires the Adjudicating Authority (AA) to make a reference to the Insolvency and Bankruptcy Board of India (Board) for recommendation of… Read More »

Insolvency and Bankruptcy Code (Removal of Difficulties) Order 2017.

By | May 26, 2017

MINISTRY OF CORPORATE AFFAIRS ORDER New Delhi, the 24th May, 2017 S.O. 1683(E).—Whereas, the Insolvency and Bankruptcy Code, 2016 (31 of 2016) (hereinafter referred to as the said Code) received the assent of the President on 28th May, 2016 and was published in the official Gazette on the same date; And, whereas, section 252 of… Read More »

Certain provisions of ‘Insolvency and Bankruptcy Code’ from April 1, 2017

By | May 19, 2017

SECTION 1 OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016 – ACT – ENFORCEMENT OF – NOTIFIED DATE ON WHICH PROVISIONS OF CLAUSE (a) TO (d) OF SECTION 2 OF SAID CODE SHALL COME INTO FORCE NOTIFICATION NO. SO 1570(E) [F.NO.30/7/2016-INSOLVENCY SECTION], DATED 15-5-2017 In exercise of the powers conferred by sub-section (3) of section 1… Read More »

Limited Insolvency Examination to start from 1st July, 2017 to 30th June, 2018

By | May 18, 2017

Press Information Bureau Government of India Ministry of Corporate Affairs 17-May-2017 18:41 IST Second Edition of Limited Insolvency Examination to start from 1st July, 2017 to 30th June, 2018 The Insolvency and Bankruptcy Board of India (IBBI) has specified the syllabus, format and frequency of the “Limited Insolvency Examination” under regulation 3(3) of the Insolvency… Read More »

Commentary on Insolvency and Bankruptcy Code 2016 – Book-Thomson Reuters

By | May 13, 2017

Commentary on the Insolvency and Bankruptcy Code, 2016 Hardcover – 2017 by Thomson Reuters (Author) Being a comprehensive commentary on Commentary on the Insolvency and Bankruptcy Code, 2016.   Price Rs 2165 Click to buy online Hardcover: 1704 pages Publisher: Manzar Saeed; 2nd edition (2017) Related Books on Insolvency and  Best Book for Insolvency Professional Examinations… Read More »

Webinar on Insolvency and Bankruptcy Code 2016 held on May 04, 2017 by ICSI

By | May 9, 2017

Webinar series on Insolvency and Bankruptcy Code, 2016 held on May 04, 2017 Related Books on Insolvency and Bankruptcy / Best Book for Insolvency Professional Examinations ; Book 2017 Edition Insolvency and Bankruptcy Code 2016 Handbook for Insolvency Professional Examinations – Book 2017 Edition by G Sekar   Guide to Insolvency and Bankruptcy Code 2016 – Taxmann… Read More »

Guide to Insolvency and Bankruptcy Code 2016 – Taxmann – 2017 Edition Book

By | May 9, 2017

Guide to Insolvency and Bankruptcy Code 2016 This Book on Guide to Insolvency and Bankruptcy Code 2016 Also Incorporating: Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations,2016 Insolvency and Bankruptcy Board of India (Insolvency Professional Agencies) Regulations,2016 Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations,2016 Insolvency and… Read More »

Financial Creditor can file for corporate insolvency resolution process

By | May 6, 2017

Bench :  National Company Law Tribunal (NCLT), Mumbai Bench, Mumbai Financial Creditor M/s. Edelweiss Asset Reconstruction Co. Ltd. Corporate Debtor M/s. Murli Industries Ltd. Amount of Default 1365.40 Cr. Date of Order 05-04-2017 Relevant Section Section 7 of the Insolvency and Bankruptcy Code, 2016 read with Rule 4 of the Insolvency and Bankruptcy (Application to… Read More »

FAQs on The Insolvency and Bankruptcy Code 2016

By | May 6, 2017

FAQs on The Insolvency and Bankruptcy Code 2016 ICAI has released FAQs The Insolvency and Bankruptcy Code 2016 Members may also refer “Frequently Asked Questions on the Insolvency and Bankruptcy Code, 2016”, as brought out by ICAI. It has been designed in a question and answer format and it is comprehensive and a handy book. Soft… Read More »

ICAI launched E-learning module for IBBI Limited Insolvency Examinations

By | May 6, 2017

E-learning module for IBBI Limited Insolvency Examinations This is an easy to use platform which delivers the concepts across the entire syllabus in the form of presentations and supplemented by mock tests in each component of the syllabus. A unique feature is that it enables you to take the tests at a modular level so… Read More »

IBBI constitutes Technical Committee under IBBI (Information Utilities) Regulations 2017

By | May 4, 2017

The Insolvency and Bankruptcy Board of India (IBBI) constitutes Technical Committee to lay down Technical Standards for the performance of core services and other services under IBBI (Information Utilities) Regulations, 2017 The Insolvency and Bankruptcy Board of India (IBBI) has constituted a Technical Committee in accordance with Regulation 14 of the IBBI (Information Utilities) Regulations,… Read More »

Insolvency and Bankruptcy Code 2016 – Book 2017 Edition – Commercial Law Publishers

By | May 1, 2017

The INSOLVENCY And BANKRUPTCY CODE, 2016 Paperback – 2017  by COMMERCIAL LAW PUBLISHER’S (Author) The INSOLVENCY And BANKRUPTCY CODE, 2016   Price Rs 425 Click to buy online  Paperback: 400 pages Publisher: COMMERCIAL LAW PUBLISHER’S; 2nd edition (2017) Related Books on Insolvency and Bankruptcy Insolvency and Bankruptcy Code 2016 Handbook for Insolvency Professional Examinations – Book… Read More »

IBBI invites comments on Draft regulations for Fast Track Resolution process for Eligible Corporate Persons

By | April 29, 2017

IBBI invites public comments on Draft regulations for Fast Track Resolution process for Eligible Corporate Persons Insolvency and Bankruptcy Board of India (IBBI) vide Press Release dated 18th April 2017 issued ‘Draft Regulations for Fast Track Resolution Process for Eligible Corporate Persons’ ‘A draft notification under Section 55(2) of IBC, 2016 for eligible corporate debtors’… Read More »

Voluntary Liquidation Process Regulations 2017 Notified by IBBI – Download

By | April 3, 2017

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 31st March, 2017 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (VOLUNTARY LIQUIDATION PROCESS) REGULATIONS, 2017 IBBI/2016-17/GN/REG010. – In exercise of the powers conferred by sections 59, 196 and 208 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Board hereby… Read More »

Corporate Voluntary Liquidation Process Regulations Notified by Insolvency and Bankruptcy Board of India

By | April 1, 2017

Insolvency and Bankruptcy Board of India notifies Corporate Voluntary Liquidation Process Regulations The regulations shall come into effect from 1st April, 2017 The Insolvency and Bankruptcy Board of India (IBBI), in exercise of its powers conferred by sections 59, 196 and 208 read with section 240 of the Insolvency and Bankruptcy Code, 2016, has notified… Read More »

Information Utilities Regulations notified by Insolvency and Bankruptcy Board of India

By | April 1, 2017

Insolvency and Bankruptcy Board of India notifies Information Utilities Regulations The Insolvency and Bankruptcy Board of India (IBBI), in exercise of its powers conferred by Sections 196, 209, 210, 211, 212, 213, 214, 215, 216 read with Section 240 of the Insolvency and Bankruptcy Code, 2016 (Code), has notified here today the Insolvency and Bankruptcy… Read More »

Insolvency and Bankruptcy Code 2016 Concepts and Procedure – Jyoti Singh

By | March 21, 2017

Insolvency and Bankruptcy Code, 2016 Concepts and Procedure Paperback– 28 Dec 2016 by Jyoti Singh (Author) The book is a practical guide providing a pragmatic analysis of the Insolvency and Bankruptcy Code, 2016. The book aims at providing a practical guide to the concepts and procedure established by the Code from the inception of insolvency/bankruptcy proceedings,… Read More »

IBBI recognises 2 Insolvency Professional Entities under Insolvency and Bankruptcy Code 2016

By | March 7, 2017

The Insolvency and Bankruptcy Board of India (IBBI) recognises two Insolvency Professional Entities (IPEs) under the Insolvency and Bankruptcy Code, 2016 (Code) The Code offers a market determined, time bound mechanism for orderly resolution of insolvency, wherever possible, and orderly exit, wherever required The Insolvency and Bankruptcy Board of India (IBBI) has recently recognised two… Read More »

No Insolvency on Non payment of assured Return by Builder till delivery of Flat as it is not Financial debt

By | March 4, 2017

Issue According to the terms of Memorandum of Understanding, the Respondents were required to build and deliver possession of the unit within two years from the date of execution of the MOU. The Memorandum of Understanding, however, stipulated payment of Rs.82,214/- per month as its “Assured Returns” with effect from 30.10.2012 till the possession of… Read More »

Technical Seminar On UAE’s New Bankruptcy Law -Video

By | February 28, 2017

Technical Seminar On UAE’s New Bankruptcy Law The Institute of Chartered Accountants of India UAE (Dubai)Presents Technical Seminar On UAE’s New Bankruptcy Law February 27,2017 Venue:Hyatt Regency Dubai Creek Heights, Dubai Healthcare City,Dubai Keynote Speaker: Dr. Habib Al Mulla, Chairman, Baker & McKenzie Habib Al Mulla Speaker: Mr. Christian Saunders , Partner, Allen & Overy… Read More »

Corporate Insolvency before NCLT and NCLAT – 2017 Edition Book for Practice -CS Ajay Kumar

By | February 27, 2017

CORPORATE INSOLVENCY before NCLT & NCLAT (Practice & Procedure) by CS Ajay Kumar CORPORATE INSOLVENCY before NCLT & NCLAT (Practice & Procedure) by CS Ajay Kumar is published by Bharat Law House Pvt. Ltd 1st edn., 2017   You can buy this Book for Rs 804. Click to buy this Book online Publisher: Bharat Law House Pvt. Ltd. Edition:… Read More »

Practical Guide to NPA Resolution – 4 th Edition Book 2017- R.C. Kohli

By | February 27, 2017

Practical Guide to NPA Resolution (4th Edition 2017) by R.C. Kohli  Key Contents of Practical Guide to NPA Resolution – 4 th Edition Book 2017- R.C. Kohli :- Incorporating : SARFAESI & DRT Acts, Insolvency and Bankruptcy Code 2016 In-depth analysis of various types of mechanismsfor Resolution of NPAs/Stressed Assets The complete process for proceedings under the… Read More »

Best Book for Insolvency Professional Examinations – Book 2017 Edition

By | February 27, 2017

Best Book for Insolvency Professional Examinations Here we have compiled list of Best Book for Insolvency Professional Examinations Handbook for The Insolvency and Bankruptcy Code  2016 by G Sekar  Key Features of  this book Handbook for The Insolvency and Bankruptcy Code 2016 Specially Designed for taking up the Insolvency Professional Examinations Contains about 720 MCQs and Hint… Read More »

Ms. Suman Saxena takes charge as Whole Time Member of Insolvency and Bankruptcy Board of India (IBBI)

By | February 22, 2017

Ms. Suman Saxena takes charge as the Whole Time Member of the Insolvency and Bankruptcy Board of India (IBBI) Ms. Suman Saxena took charge here today as the Whole Time Member, Insolvency and Bankruptcy Board of India (IBBI). Ms Saxena will look after Research and Regulation Wing comprising Corporate Insolvency, Corporate Liquidation, Individual Insolvency, Individual… Read More »

IBBI invites comments on Draft Regulations for Voluntary Liquidation by 8th March, 2017.

By | February 14, 2017

Insolvency and Bankruptcy Board of India invites public comments on Draft Regulations for Voluntary Liquidation by 8th March, 2017. The Ministry of Corporate Affairs had set-up four Working Groups to facilitate implementation of the Insolvency and Bankruptcy Code, 2016. The Working Group-3 had a mandate to deliberate and submit its recommendations on rules and regulations… Read More »

Insolvency and Bankruptcy Board of India (Engagement of Research Associates and Consultants) Regulations 2017

By | February 3, 2017

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 30th January, 2017 Insolvency and Bankruptcy Board of India (Engagement of Research Associates and Consultants) Regulations, 2017 IBBI/2016-17/GN/REG006.—In exercise of the powers conferred by section 240 read with section 194 of the Insolvency and Bankruptcy Board of India Code, 2016 (No. 31 of 2016), the… Read More »

Insolvency and Bankruptcy Board of India (Procedure for Governing Board Meetings) Regulations 2017

By | February 3, 2017

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 30th January, 2017 Insolvency and Bankruptcy Board of India (Procedure for Governing Board Meetings) Regulations, 2017 IBBI/2016-17/GN/REG007.— In exercise of the powers conferred by section 192(1) read with section 240 of the Insolvency and Bankruptcy Code, 2016, the Insolvency and Bankruptcy Board of India hereby… Read More »

Insolvency and Bankruptcy Board of India (Advisory Committee) Regulations 2017

By | February 3, 2017

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 30th January, 2017 Insolvency and Bankruptcy Board of India (Advisory Committee) Regulations, 2017 IBBI/2016-17/GN/REG008.—In exercise of the powers conferred by section 197 read with section 240 of the Insolvency and Bankruptcy Code, 2016, the Insolvency and Bankruptcy Board of India hereby makes the following regulations,… Read More »

Working Group report on Information Utilities

By | January 30, 2017

Working Group report on Information Utilities Subject: Framework for Information Utilities The Ministry of Corporate Affairs had set up four Working Groups to facilitate implementation of the Insolvency and Bankruptcy Code, 2016. The Working Group 4 had a mandate to deliberate and submit its recommendations on rules, regulations and other related matters for Information Utilities… Read More »