CoC

Interview with insolvency professional Amit Karia

Gap between homebuyers’ hope and commercial viability of resolution often leads to mistrust: Amit Karia

Amit Karia, a Mumbai-based insolvency professional, has handled a number of complex corporate insolvency resolution processes (CIRPs) over the past...

RG Residency

IBBI proposes more reforms to streamline real estate insolvency processes

A significant overhaul of India's insolvency and bankruptcy code (IBC) is on the horizon, with a particular focus on real...

Committee of Creditors

Voluntary participation in committee of creditors for faster corporate resolution

Should a financial creditor be given the option to not be the part of the committee of creditors (CoC)? In...

registration of insolvency professionals

More responsibilities likely for authorised representatives of homebuyers

The insolvency regulator has proposed to increase the duties of Authorised Representatives (AR) of homebuyers in the Committee of Creditors....

Committee of Creditors

When Committee of Creditors had a change of heart

In IBC, they say you cannot question the commercial wisdom of the Committee of Creditors (CoC). While not everyone concurs...

MSME

FISME demands priority in payment to MSME operational creditors under insolvency resolution process

The Federation of Indian Micro, Small and Medium Enterprises (FISME) has proposed for some amendments in Insolvency and Bankruptcy Code...

RBI bars Edelweiss Asset Reconstruction Company

Do not entertain unsolicited revision in resolution plans, suggests insolvency regulator

Taking note of the fact that request for revision of resolution plans multiple times, and submission of unsolicited plans cause...

Insolvency circulars

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...

Supreme Court

Financial creditors cease to be related party to avoid exclusion should also be barred from CoC: SC

In a landmark judgment on 1 February 2021, the Supreme Court of India in Phoenix ARC Vs Spade Financial Services...

New Scheme of Education

Can a CoC member be asked to contribute towards CIRP cost?

By Arvind Mangla The question is whether CoC member(s) is/are required to or can be forced to, provide interim finance...