The Court work (Virtual hearing) and filing etc. in the NCLAT will remain suspended on 1st and 2nd December, 2020

F.No.10/23/2020-NCLATNATIONAL COMPANY LAW APPELLATE TRIBUNAL2nd & 3rd Floor of Mahanagar Doorsanchar Sadan (M.T.N.L. Building),9,CGO Complex, Lodhi Road, New Delhi — 110003 (Near Scope Complex)Tel No.: 011-24306829 Dated : 30th November, 2020 NOTICE Whereas two Hon'ble Members of the NCLAT, who…

The Insolvency and Bankruptcy Board of India amends Regulations relating to corporate insolvency proceedings

Insolvency and Bankruptcy Board of India No. IBBI/PR/2020/1613th November, 2020 Press Release The Insolvency and Bankruptcy Board of India amends Regulations relating to corporate insolvency proceedings The Insolvency and Bankruptcy Board of India (IBBI) notified the following Amendment Regulations, 2020…

Last date 11.11.2020 to file online EOI for panel of Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2020

Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 Tel: +93. 11 23462900, +93. 11 23462800 Fax: +91 11 23462902, Web.: http://www.ibbi.gov.in File No. IP-12011/1/2020-IBBI Date: November 2, 2020 Dear Insolvency Professional, Subject: Insolvency Professionals…

The court work (Virtual hearing) and filing etc. in the NCLAT will remain suspended till 06.10.2020. The office will also remain closed till 06.10.2020.

F.No.10/23/2020-NCLATNATIONAL COMPANY LAW APPELLATE TRIBUNAL2nd & 3rd Floor of Mahanagar Doorsanchar Sadan (M.T.N.L. Building),9,CGO Complex, Lodhi Road, New Delhi — 110003 (Near Scope Complex)Tel No.: 011-24306829 Dated : 4th October, 2020 NOTICE Whereas one staff member posted in Record Section…

Government issued Advisory to PSBs to moot action against personal guarantors of corporate debtors

The Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019 empowering creditors to file insolvency application against personal guarantors to corporate debtors before the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs in a written reply to a question in Lok Sabha today.

As on 31.07.2020, total 19,844 cases were pending before NCLT, including 12,438 cases under IBC

As on 31st July, 2020, total 19,844 cases were pending before National Company Law Tribunal (NCLT), including 12,438 cases under Insolvency and Bankruptcy Code (IBC). This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs in a written reply to a question in Lok Sabha today.