Tag: Insolvency and Bankruptcy Board of India
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 amends insolvency regulations to improve transparency
IBBI amended CIRP rules to boost transparency, creditor rights, and investor participation in insolvency cases
IBBI seeks comment on IBC rules to simplify compliance
IBBI invites public suggestions to simplify and cut costs of IBC compliance, with submissions open until 30 June 2025
A legal head for numbers
Ishita Sharan, legal head of NARCL, discusses rising insolvency challenges and the bank’s role in managing stressed assets
IBBI issues guidelines on appointing insolvency professionals
IBBI has issued guidelines for insolvency professionals appointed as resolution professionals, liquidators, and trustees
New electronic platform for assets on sale in liquidation
From 1 November 2024, all assets in liquidation cases will be listed on a single centralised electronic platform, IBBI said
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
IBBI proposes new format for liquidation progress report
On 21 June 2024, the Insolvency and Bankruptcy Board of India (IBBI) invited comments from the public
IBBI launches online portal for liquidation process
The IBBI has issued circulars on 28 June on the launch of online portals for insolvency professionals
IBBI amends insolvency resolution rules
The IBBI enacted amendments to the Insolvency Resolution Process for Corporate Persons (CIRP) Regulations, 2016
Fresh directions
National Company Law Tribunal Mumbai counsel Mansi Kaku explores crucial changes to align corporate insolvency resolution and overcome challenges
IBBI tightens insolvency process on corporates
IBBI introduces amendments to corporate insolvency regulations, impacting the resolution process for entities in India
Fifth graduate insolvency programme launched
The Insolvency and Bankruptcy Board of India (IBBI) has launched the entry process for the fifth Graduate Insolvency Programme (GIP)
Satish Anand Sharma joins HSA as a partner in Mumbai
Satish Anand Sharma, formerly of SNG & Partners, has joined HSA Advocates as a partner in the firm’s Mumbai office, where he will focus on corporate and commercial, and investment funds
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
IBBI suspends Maity amid bribe allegations
The Insolvency and Bankruptcy Board of India has suspended Subrata Monindranath Maity as an Insolvency Professional over allegations of accepting a bribe amounting to INR2 million (USD25,818), according to the regulator’s website
