IBC News Archives

IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2023

Posted by IBC Laws Editoron September 20, 2023September 20, 2023in IBC News, Regulations

Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2023 INSOLVENCY AND BANKRUPTCY BOARD OF INDIANOTIFICATIONNew Delhi, the 18th September, 2023 No. IBBI/2023-24/GN/REG105.—In exercise of the powers conferred by sections 196 and…

IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2023

Posted by IBC Laws Editoron September 20, 2023September 20, 2023in IBC News, IBC-CIRP Regulation

Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2023 INSOLVENCY AND BANKRUPTCY BOARD OF INDIANOTIFICATIONNew Delhi, the 18th September, 2023 No. IBBI/2023-24/GN/REG106.—In exercise of the powers conferred by clause (t) of sub-section (1)…

[Recording] Webinar on Moratorium under IBC on September 14, 2023 4:00 PM

Posted by IBC Lawson September 15, 2023September 15, 2023in IBC News

Webinar on Moratorium under IBC IBC Laws in association with All India Insolvency Professional Association (AIIPA) and NCLT Kolkata Bar Association organises a webinar on Moratorium under Section 14 of Insolvency and bankruptcy Code, 2016. Respected Speaker: Shri V. K. Gupta, Former Member Technical, NCLT Kolkata…

One Day National Level Conference on Insolvency on Saturday, 16th September, 2023

Posted by IBC Lawson September 12, 2023September 12, 2023in IBC News

One Day National Level Conference on Insolvency One Day National Level Conference on INSOLVENCY & BANKRUPTCY oragnised by ICAI and hosted by Ahmedabad Branch of WIRC OF ICAI on Saturday, 16th Sept, with the unique subjects and with the array…

Vacancy in Debts Recovery Appellate Tribunal(DRAT) and Debts Recovery Tribunals(DRTs) circular dated 05.09.2023

Posted by IBC Laws Editoron September 6, 2023September 6, 2023in IBC News

Government of IndiaMinistry of FinanceDepartment of Financial Services ****** 3rd Floor, Sansad Marg,Jeevandeep BuildingNew Delhi-110001 Dated, the 05th September, 2023 Vacancy Circular 1. For the posts of Presiding Officer in Debts Recovery Tribunals(DRTs) - Click here 2. For the post…

Filing of CIRP Forms for the purpose of monitoring CIRP and performance of Insolvency Professional Entities (IPEs) under the IBC, 2016 – IBBI Circular No. IBBI/CIRP/60/2023 dated 01.09.2023

Posted by IBC Laws Editoron September 4, 2023September 4, 2023in Circular-IBC, IBBI Circular, IBC News

(i) As 4th CIRP Amendment Regulations, 2022 allows Insolvency Professional Entities (IPEs) to get enrolled, registered and act as IPs for conducting the insolvency processes, however, the facility for submitting the CIRP Forms as per circulars dated 14.08.2019, 18.03.2021, 20.07.2021 was not made available to the IPEs acting as IPs. (ii) The said facility for submitting the CIRP Forms has been now extended to IPEs acting as IPs also. (iii) To facilitate submission of forms for all assignments handled by these IPEs through the facility being introduced now, CIRP forms filed till 30.09.2023 shall not attract any fee as provided under CIRP Regulation 40B. Thereafter, it shall attract fee as specified in CIRP Regulation 40B(4). (iv) The contents of the aforesaid Circulars shall apply to all the assignments handled by the IPEs acting as IPs.

Request for Proposal RFP for engagement of an Asset Valuer for Strategic Disinvestment of IDBI Bank Limited

Posted by IBC Laws Editoron September 4, 2023September 4, 2023in IBC News

F.No. 4/2/2020-DIPAM-II-A(E-FILE)-Part(2)GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF INVESTMENT AND PUBLIC ASSET MANAGEMENT (DIPAM) Sub: Request for Proposal (“RFP”) for engagement of an Asset Valuer for Strategic Disinvestment of IDBI Bank Limited (“IDBI Bank”) 1. Department of Investment and Public Asset…

Search judgments on Pre-Packaged Insolvency Resolution Process (PPIRP)

Posted by IBC Lawson August 25, 2023August 25, 2023in Features, IBC News

Find all judgments on Pre-Packaged Insolvency Resolution Process (PPIRP) just in one selection Search judgments on Pre-Packaged Insolvency Resolution Process (PPIRP). The PPIRP judgments are also available in various categories such as Admission/Initiation, Base Resolution Plan, Other Resolution Plan etc.…

Reconstitution of NCLT Benches- Order dated 18.08.2023

Posted by IBC Laws Editoron August 18, 2023August 18, 2023in Companies Act News, IBC News

File No. 10/03/2023-NCLT NATIONAL COMPANY LAW TRIBUNAL 6th Floor, Block-3,CGO Complex, Lodhi Road,New Delhi- 110003 Dated: 18th August 2023 ORDER 1. Reference Ministry of Corporate Affairs Order no. A-22012/6/2021-Ad. IV- MCA dated 16th August 2023, the benches are required to…

Transfer and posting of NCLT Members, Order dated 17.08.2023

Posted by IBC Laws Editoron August 17, 2023August 17, 2023in Companies Act News, IBC News

File No: 09/01/2023-NCLTNATIONAL COMPANY LAW TRIBUNAL CGO Complex, Block - 3, 6th Floor,New Delhi - 110 003 Date: - 17/08/2023 OFFICE ORDER In exercise of the powers conferred under Rule 15A (2) of National Company Law Tribunal (Salary, Allowances and…

Chapter	Topic	Content
CH-2: General & Definitions
		Short Note on Insolvency and Bankruptcy Code, 2016 (IBC, 2016)
		Dispute and Existence of a Dispute
		Operational Debt and Operational Creditor
		Persons who may initiate Corporate Insolvency Resolution Process(CIRP)
		Analysis provisions of Limitation Act, 1963 with respect to Insolvency and Bankruptcy Code, 2016
CH-3: CIRP
	Topic-1 : CIRP Application & Withdrawal
		Analysis of Minimum amount of default under Section 4 of IBC
		Procedure of filing application by Financial Creditor before NCLT under Section 7 of the IBC
		Procedure of filing application by Operational Creditor before NCLT under Section 8 & 9 of the IBC
		Initiation of CIRP by corporate applicant under Section 10 of the IBC
		Analysis of withdrawal of CIRP proceeding pursuant to settlement under Section 12A of Insolvency and Bankruptcy Code, 2016 (IBC)
	Topic-2 : Declaration of moratorium and public announcement
		Declaration of moratorium and public announcement [Section 13, 14 & 15 of the IBC]
		All about the Moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 including judicial pronouncements
	Topic-3 : Appointment and tenure of IRP & RP
		Appointment and tenure of Interim Resolution Professional and Resolution Professional [Section 16, 22 & 27 of the IBC]
		Role of an Interim Resolution Professional and Resolution Professional
	Topic-4 : Management of affairs by IRP
	Topic-5 : Receive and collate all the claims submitted by creditors
	Topic-6 : Committee of creditors and meetings
		Constitution of Committee of Creditors under Section 21 of IBC
		Role of Committee of Creditors & It’s Commercial Wisdom
		Analysis of provisions on Authorised Representative under IBC
		Meetings & Voting of the Committee of Creditors under Section 24 of the IBC
	Topic-7 : RP to conduct the CIRP and manage the operations
		Resolution Professional to conduct the CIRP and manage the operations of the Corporate Debtor
		Insolvency Resolution Process Costs & Essential supplies
		To identify preferential transactions under Sec. 43 of the Code in any CIRP, step to be taken by a Resolution Professional
	Topic-8 : CIRP and Resolution Plan
		Information Memorandum, Expression of Interest, Request for Resolution Plans & Resolution Plans
		Role of the prospective resolution applicant
		Persons not eligible to be Resolution Applicant [Sec. 29A of IBC]
		Submission and approval of the Resolution Plan
		Liability for prior offences under Section 32A of the IBC
CH-4 : Liquidation Process
	Topic-1 : Initiation of Liquidation
	Topic-2 : Appointment & Remuneration of Liquidator
		Appointment & Remuneration of Liquidator under Sec. 34 of IBC
		Powers and duties of Liquidator under Sec. 35, 37 of IBC
	Topic-3: Liquidation Estate
	Topic-4: Public announcement, Preliminary report, Early dissolution and Progress reports under Liquidation
	Topic-5: Claims under Liquidation
	Topic-6: Preferential, undervalued and Extortionate Credit Transactions
		Preferential, Undervalued and Extortionate Credit Transactions under Sec. 43, 44, 45, 46, 47, 48, 49, 50, 51 of IBC
		To identify preferential transactions under Sec. 43 of the Code in any CIRP, step to be taken by a Resolution Professional
	Topic-7: Secured Creditor in Liquidation Proceedings
	Topic-8: Realisation of Assets in Liquidation Proceedings
	Topic-9: Proceeds of Liquidation and Distribution of Proceeds
CH-5 : Personal Guarantor
		Chapter VIII Indemnity and Guarantee of Indian Contract Act, 1872
		All about Personal Guarantor under IBC Part-I
		All about Personal Guarantor under IBC Part-II
		Insolvency Resolution Process Regulation
		Bankruptcy Process for PG Regulation
		IRP Application to AA Rules
		Bankruptcy Process Application to AA Rules