Issuer can submit claims if bank guarantee is invoked during CIRP, clarifies Insolvency regulator
Should a live Bank Guarantee (BG) or Letter of Credit (LC) be considered as claims in a corporate insolvency resolution...
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Govt proposes sweeping changes to strengthen the liquidation process
In a consultation paper floated on 27 August 2021, the insolvency regulator in India – Insolvency and Bankruptcy Board of...
A code of conduct for CoC, finally
The Code of Conduct for Committee of Creditors is finally going to be true. In a consultation paper released on...
IBC has helped balance the interests of different stakeholders: CEA K Subramanian
The Insolvency and Bankruptcy Code (IBC), 2016 has helped in balancing the interests of various stakeholders, thereby, creating an optimal...
Why NCLT rejected one-time settlement proposal of Siva Industries promoter
The Chennai bench of the National Company Law Tribunal (NCLT) has cancelled the one-time settlement under section 12A of the...
HDIL on the verge of liquidation; homebuyers left high and dry
Housing Development and Infrastructure Ltd (HDIL), the Mumbai-based real estate company undergoing corporate insolvency resolution process (CIRP), is on the...
Parliamentary committee recommends threshold for haircuts, code of conduct for CoCs under IBC
The parliamentary standing committee on Finance has expressed its concern over low recovery rates under the Insolvency and Bankruptcy Code...
Former promoter moves NCLAT against Twinstar’s bid for Videocon
Venugopal Dhoot, former promoter of the Videocon Group, has moved the National Company Appellate Tribunal (NCLAT) against the approval of...
IP agencies can now levy monetary penalty on insolvency professionals
The Insolvency and Bankruptcy Board of India (IBBI), the insolvency regulator, has allowed the Disciplinary Committee of an Insolvency Professional...
Important sections of Bill on pre-packaged insolvency resolution tabled in parliament
The government recently tabled the Insolvency and Bankruptcy Code (Amendment) Bill, 2021, which deals with the Pre-packaged insolvency resolution plan....