https://www.business-standard.com/companies/news/govt-s-statutory-dues-not-secured-credit-in-ibc-with-an-exception-123110500508_1.html Clipped from: https://www.business-standard.com/companies/news/govt-s-statutory-dues-not-secured-credit-in-ibc-with-an-exception-123110500508_1.html The Ministry of Corporate Affairs (MCA) would consider issuing this as a clarification, if needed, following the recent Supreme Court (SC) judgment
Category: IBC-SEBI
IBBI proposes new measures to improve corporate insolvency process efficiency – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/ibbi-proposes-new-measures-to-improve-corporate-insolvency-process-efficiency/article67489635.ece Clipped from: https://www.thehindubusinessline.com/economy/ibbi-proposes-new-measures-to-improve-corporate-insolvency-process-efficiency/article67489635.ece New discussion paper on CIRP mandates monthly CoC meetings among other proposals Insolvency regulator IBBI has come up with slew of proposals to ensure
‘Group insolvency’ approach makes sense – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/group-insolvency-approach-makes-sense/article67490004.ece Clipped from: https://www.thehindubusinessline.com/opinion/group-insolvency-approach-makes-sense/article67490004.ece Consolidating resolution of insolvent companies in a group will reduce costs and enhance value, but there are legal hurdles ‘It is common
Monthly review, disclosure of fair value: IBBI bats for transparency
https://www.business-standard.com/industry/news/ibbi-proposes-new-regulations-to-bring-greater-transparency-to-ibc-123110201005_1.html Clipped from: https://www.business-standard.com/industry/news/ibbi-proposes-new-regulations-to-bring-greater-transparency-to-ibc-123110201005_1.html IBBI has proposed that creditors dissenting on a resolution plan under the IBC should be entitled to claim lesser of the two
WeWork bankruptcy will not impact India operations: CEO – The Hindu BusinessLine
https://www.thehindubusinessline.com/news/wework-bankruptcy-will-not-impact-india-operations-ceo/article67483994.ece Clipped from: https://www.thehindubusinessline.com/news/wework-bankruptcy-will-not-impact-india-operations-ceo/article67483994.ece ‘WeWork India is a separate entity from WeWork Global’ Even as WeWork Inc plans to file Chapter 11 petition for bankruptcy in New Jersey, the
🙏Insolvency law: ‘Gradually then suddenly’
https://www.business-standard.com/book/insolvency-law-gradually-then-suddenly-123103001159_1.html Clipped from: https://www.business-standard.com/book/insolvency-law-gradually-then-suddenly-123103001159_1.html Anant Merathia’s book offers a human perspective on the Insolvency and Bankruptcy Code Defaulter’s Paradise Lost: Demystifying the Insolvency and Bankruptcy Code,
Govt makes inter-state shifting of registered offices post IBC resolution easier – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/govt-makes-inter-state-shifting-of-registered-offices-post-ibc-resolution-easier/article67454061.ece Clipped from: https://www.thehindubusinessline.com/economy/govt-makes-inter-state-shifting-of-registered-offices-post-ibc-resolution-easier/article67454061.ece Move to unlock efficiency in IBC process Shifting the registered office of a company from one State to another just got easier
IBBI moots new measures to increase efficiency of insolvency professional entity as an IP – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/ibbi-moots-new-measures-to-increase-efficiency-of-insolvency-professional-entity-as-an-ip/article67454727.ece Clipped from: https://www.thehindubusinessline.com/economy/ibbi-moots-new-measures-to-increase-efficiency-of-insolvency-professional-entity-as-an-ip/article67454727.ece Insolvency regulator Insolvency and Bankruptcy Board of India(IBBI) has proposed a slew of measures to enhance the effectiveness of Insolvency Professional Entities
Unlocking confidence: IBBI’s 16 transformative steps to reinvent liquidation – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/unlocking-confidence-ibbis-16-transformative-steps-to-reinvent-liquidation/article67446247.ece Clipped from: https://www.thehindubusinessline.com/economy/unlocking-confidence-ibbis-16-transformative-steps-to-reinvent-liquidation/article67446247.ece Enhancing transparency, speeding up asset recovery and empowering stakeholders The insolvency regulator IBBI is set to introduce 16 key measures to bolster the liquidation
👍👍👍👍👍Analysis of Insolvency and Bankruptcy Code (IBC) in Reducing Professional Misconduct
Analysis of Insolvency and Bankruptcy Code (IBC) in Reducing Professional Misconduct Clipped from: https://www.taxscan.in/analysis-of-insolvency-and-bankruptcy-code-ibc-in-reducing-professional-misconduct/330876/ The concept of insolvency is extremely fertile in a market economy. The
👍👍👍👍👍Ways to make IBC more effective – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/ways-to-make-ibc-more-effective/article67413342.ece Clipped from: https://www.thehindubusinessline.com/opinion/ways-to-make-ibc-more-effective/article67413342.ece Any litigation around determination of claims should be delinked from the resolution process The very act of reference to CIRP itself is a
👍👍👍👍👍👍👍SEBI has done well to ease death claims process – The Hindu BusinessLine–Editorial
https://www.thehindubusinessline.com/opinion/editorial/sebi-has-done-well-to-ease-death-claims-process/article67399701.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/sebi-has-done-well-to-ease-death-claims-process/article67399701.ece Big improvements in India’s market infrastructure and rapid technological adoption have made it very easy for new investors to access and transact
IBC is not fair to retail investors – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/ibc-is-not-fair-to-retail-investors/article67400691.ece Clipped from: https://www.thehindubusinessline.com/opinion/ibc-is-not-fair-to-retail-investors/article67400691.ece They have no role in the resolution mechanism, and get next to nothing in the event of recoveries or liquidation of assets
Don’t compromise with wilful defaulters – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/dont-compromise-with-wilful-defaulters/article67396977.ece Clipped from: https://www.thehindubusinessline.com/opinion/dont-compromise-with-wilful-defaulters/article67396977.ece The intent and spirit of measures taken post IBC to bring wilful defaulters to book will get diluted Recently, the Reserve Bank
GST impact– Personal guarantee offered by directors –Courtesy Business Standard
https://www.business-standard.com/economy/news/personal-guarantee-to-attract-18-gst-in-exceptional-considerations-123100800732_1.html Clipped from: https://www.business-standard.com/economy/news/personal-guarantee-to-attract-18-gst-in-exceptional-considerations-123100800732_1.html Centre to issue circular soon outlining scenarios, which could trigger tax liability Listen to This Article The personal guarantee offered by directors
IBBI’s new measures aim to boost efficiency in personal guarantor insolvency – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/ibbis-new-measures-aim-to-boost-efficiency-in-personal-guarantor-insolvency/article67365468.ece Clipped from: https://www.thehindubusinessline.com/economy/ibbis-new-measures-aim-to-boost-efficiency-in-personal-guarantor-insolvency/article67365468.ece IBBI aims to enhance personal guarantor insolvency by introducing mandatory creditor meetings, shared recommendations, and a single resolution professional for both personal
👍👍👍👍👍MCA looks to turbocharge IBC process – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/mca-looks-to-turbocharge-ibc-process/article67357696.ece Clipped from: https://www.thehindubusinessline.com/economy/mca-looks-to-turbocharge-ibc-process/article67357696.ece Readies slew of likely legal amendments to IBC in upcoming Winter Session of Parliament The Corporate Affairs Ministry (MCA) is looking to
👍👍👍👍👍👍👍The Interplay Between Mediation, Insolvency and Bankruptcy
https://taxguru.in/corporate-law/interplay-mediation-insolvency-bankruptcy.html Clipped from: https://taxguru.in/corporate-law/interplay-mediation-insolvency-bankruptcy.html Introduction The worlds of business and finance frequently cross over between mediation, insolvency, and bankruptcy, which are three separate legal processes. Whereas
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