Clipped from: https://taxguru.in/corporate-law/ibbi-suspends-ip-failing-act-homebuyers-interest-cirp.html The Insolvency and Bankruptcy Board of India (IBBI) Disciplinary Committee issued Order No. IBBI/DC/252/2024 on November 22, 2024, addressing Show Cause Notice (SCN)
Category: IBC-SEBI
IBBI proposes to make monitoring committee mandatory for all resolution plans – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/ibbi-proposes-to-make-monitoring-committee-mandatory-for-all-resolution-plans/article68894903.ece The proposed framework empowers the CoC to take the final decision on the constitution, composition, and functioning period of the monitoring committee, as
Reimagining NCLT – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/reimagining-nclt/3669579/?ref=hometop_hp The 2010 Madras High Court Bar Association judgment needs a review to allow appointments to economic law tribunals to be made differently than traditional
IBBI moves to tighten auction rules, mandates stakeholder oversight in liquidations – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/ibbi-moves-to-tighten-auction-rules-mandates-stakeholder-oversight-in-liquidations/article68886786.ece Also need to maintain Corporate Liquidation Account within Public Accounts of India to be dispensed with; IBBI floats discussion paper, public comments invited
From deep haircuts to higher recoveries – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/from-deep-haircuts-to-higher-recoveries/3663489/?ref=opinion_hp The Delhi High Court’s recent direction to the Insolvency and Bankruptcy Board of India (IBBI) to frame a code of conduct for the CoC
MSME insolvency: Pre-pack scheme sees only 13 applications admitted since 2021 – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-msme-insolvency-pre-pack-scheme-sees-only-13-applications-admitted-since-2021-3662971/ Out of the admitted cases, one has been withdrawn, resolution plans for five others have been approved and seven cases are ongoing. The
Take recovery from ‘avoidance transactions’ seriously, IBBI tells creditors. – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/take-recovery-from-avoidance-transactions-seriously-ibbi-tells-creditors/article68860387.ece Recovery for creditors could go up at least 10 per cent on such approach, says IBBI Chief Mital; Till Sep 2024, total clawback on
SC ruling brings NCLT under-staffing to the fore – Industry News | The Financial Express
Clipped from: https://www.financialexpress.com/business/industry-sc-ruling-brings-nclt-under-staffing-to-the-fore-3660192/ The MCA had floated consultation paper for changes in Insolvency and Bankrutpcy Code (IBC) in 2023 but none of the changes have been
👌👌👌👌👌IBBI pushes for land authorities to join CoC meetings in real estate insolvency cases – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/real-estate/ibbi-pushes-for-land-authorities-to-join-coc-meetings-in-real-estate-insolvency-cases/article68841920.ece Releases discussion paper to revamp real estate insolvency, addressing seven key areas Insolvency regulator IBBI has come up with slew of proposals to improve real
👌👌👌👌👌Mediation route for operational creditors prior to NCLT process – Industry News | The Financial Express
Clipped from: https://www.financialexpress.com/business/industry-mediation-route-for-operational-creditors-prior-to-nclt-process-3657257/ Under IBC, once an application for initiation of CIRP is filed in the National Company Law Tribunal (NCLT), the latter is mandated to
👌SEBI outsources arbitration, but at what cost? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/effects-of-sebi-outsourcing-arbitration/article68829245.ece The arbitrators who were previously assigned arbitration work are now being assigned conciliation work as well, albeit with a lower fee SEBI has
IBBI, IBA to launch centralised platform for asset liquidation auctions | News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/ibbi-iba-to-launch-centralised-platform-for-liquidation-asset-auctions-124103000738_1.html Initially, the platform will be deployed in pilot mode, with a full rollout planned at a later date after incorporating improvements based on
SC revives Adani’s Rs 27K cr insolvency resolution for KSK Mahanadi project | Company News – Business Standard
lipped from: https://www.business-standard.com/companies/news/sc-revives-adani-s-rs-27k-cr-insolvency-resolution-for-ksk-mahanadi-project-124101401184_1.html The lenders have made claims of Rs 29,330 crore against KSK Mahanadi, which was sent for debt resolution in 2020 after the firm
Lenders have recovered Rs 3.5 trillion under IBC: IBBI Chairperson Mital | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/lenders-have-recovered-rs-3-5-trillion-under-ibc-ibbi-chairperson-mital-124100100958_1.html According to him, Rs 3.5 trillion has been recovered directly by lenders, of which Rs 1 trillion was in the last two years.
👌👌👌IBBI’s proposed ‘guarantees’ under fire – The Hindu BusinessLine
https://www.thehindubusinessline.com/business-laws/ibbis-proposed-guarantees-under-fire/article68402968.ece Clipped from: https://www.thehindubusinessline.com/business-laws/ibbis-proposed-guarantees-under-fire/article68402968.ece Progress or pitfalls? The amendments to guarantee enforcement norms under IBC raises more questions than solutions The issue of release/enforcement of third
SEBI’s take on household financial savings clears the air – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/sebis-take-on-household-financial-savings-clears-the-air/article68617968.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/sebis-take-on-household-financial-savings-clears-the-air/article68617968.ece SEBI has calculated net primary and secondary market investment in equity and debt based on actual data at its disposal The Securities
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