PUFE transactions under IBC
In this write-up, we explain the legal meaning of PUFE Transactions. PUFE stands for preferential, undervalued, fraudulent and extortionate (PUFE)...
Regulators
Regulator red-flags actions of IP Anil Goel again; lets him off with warning
Insolvency professional Anil Goel, who earlier also had a brush with the insolvency law, was once again under the insolvency...
Creditors have recovered 92% more than value of assets of rescued firms under IBC, says IBBI Chief
The primary objective of the Insolvency and Bankruptcy Code (IBC) is to rescue firms in distress, and that the insolvency...
An IBBI letter reminds government agencies of their many follies
The Insolvency and Bankruptcy Board of India (IBBI), it seems, has found an indirect way to remind government agencies like...
IPA governing board directors may be required to have certain minimum qualifications
The Insolvency and Bankruptcy Board of India (IBBI) has now proposed that the independent and shareholder directors in the governing...
Registered valuers can’t use limitation, disclaimer clause to escape accountability
The insolvency regulator feels that the professional valuers are using the ‘caveats, limitations and disclaimers’ section of the valuation report...
IBBI proposes new measures to make liquidation process faster
The Insolvency and Bankruptcy Board of India (IBBI) has finally shifted its focus to the much ignored area of unending...
IBBI hands 3-month ban to insolvency professional for appointing unregistered valuer
Jaipur-based insolvency professional Rajneesh Singhvi lands in trouble for hiring an unregistered valuer. The Insolvency and Bankruptcy Board of India...
No complete ban on IBC, says IBBI chairman MS Sahoo
The Insolvency Bankruptcy Board of India (IBBI) has done a very microscopic keyhole surgery under the Insolvency and Bankruptcy Code...
Post-Ruchi Soya, Sebi rethinks exemptions given to listed CIRP companies
The unexpected surge in Ruchi Soya share prices post-acquisition by Patanjali Ayurveda Ltd has forced the Securities and Exchange Board...