Tag: Committee of creditors
Court clarifies IBC priority is revival
Supreme Court recalled liquidation order in Kalyani Transco v Bhushan Power & Steel, reaffirming IBC’s rescue objective
New RBI directions for novation of OTC derivative contracts
RBI proposes new guidelines for novation of OTC derivative contracts to ensure transparency, consent, and risk transfer
IBBI seeks comments to ensure integrity of CIRP changes
IBBI seeks public input on CIRP changes to boost transparency and eligibility checks
Show all cards at the CIRP table
IBBI mandates full disclosure of avoidance transactions in insolvency cases to ensure transparency and fairness
Supreme Court clarifies classification of debt
India’s Supreme Court ruled that a debtor’s pledge under a DoH is a financial debt under the IBC
No room for one-off settlements post CIRP
Settlements are a key tool in commercial dispute resolution
IBBI allows interim representative for creditors in CIRP
The IBBI amended the 2016 CIRP regulations to allow for interim representation of creditors until an authorized representative is appointed
SAM advises creditors in Educomp’s corporate insolvency resolution
Shardul Amarchand Mangaldas advised the committee of creditors, including Axis Bank, State Bank of India and others, in the corporate insolvency resolution process of Educomp Infrastructure and School Management
Partial sale of assets proposed in insolvencies
In a significant move that would bring major changes to insolvency procedures, the Insolvency and Bankruptcy Board of India (IBBI) has proposed to allow the sale of part assets/businesses of corporates facing such proceedings
