The filing of hard copies of Appeals/ Interlocutory Applications/ Reply / Rejoinder etc. in NCLAT shall not be mandatory with immediate effect – NCLAT Order dated 15.05.2023

The Appeals / Interlocutory Applications / Reply / Rejoinder etc. are being e-filed in the National Company Law Appellate Tribunal (NCLAT) through e-filing portal (https://efiling.nclat.gov.in) w.e.f. 04.01.2021. The Competent Authority has further directed that the filing of hard copies of Appeals/ Interlocutory Applications/ Reply / Rejoinder etc. shall not be mandatory with immediate effect. The Standard Operating Procedures (SOPs)/ Orders/ Circulars/ Notices issued by the NCLAT from time to time regarding filing of Appeals/ Interlocutory Applications / Reply / Rejoinder etc. shall stand modified to that extent accordingly.

Petitioner(s) of section 7 and 9 under IBC, 2016 comply with Regulation 20(1A) of Information Utilities) Regulations, 2017 and produce the record of Information Utility (NeSL certificate) at the earliest for effective hearing of their cases – NCLT order dated 03.04.2023

NCLT issues an order on 3rd April, 2023 that it is brought to the attention of all stakeholders that Regulation 20(1A) has been inserted in the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017 vide Notification No. IBBI/2022-23/GN/REG085, dated 14th June, 2022. All the Petitioner(s) of section 7 and 9 under the Insolvency and Bankruptcy Code, 2016 are requested to comply with the above Regulations and produce the record of Information Utility (NeSL certificate) at the earliest for effective hearing of their cases.

Order regarding computation of limitation in appeals filed between 01.11.2022 to 23.12.2022 – NCLAT dated 21.02.2023

NATIONAL COMPANY LAW APPELLATE TRIBUNAL F.No. 23/4/2022-Estt./NCLAT Dated: 21st February, 2023 ORDER In continuation of the order F. No. 23/4/2022-Estt./NCLAT dated 24.12.2022, with the approval of the Competent Authority, it is hereby directed that the appeals filed before the NCLAT…

Limitation shall be computed from the date of e-filing – Computation of limitation for the purposes of filing an Appeal in NCLAT – NCLAT Order dated 24.12.2022

The order F.No.10/37/2018-NCLAT dated 21.10.2022 is hereby withdrawn and superseded by this order. Limitation shall be computed from the date of e-filing. The hard copy has to be filed within 7 days of e-filing. However, the competent authority is at liberty to notify to extend the period of filing hard copy in case of any unforeseen exigency. In a case where hard copy is filed after 7 days, the appeal will be placed before the Tribunal for appropriate order. The requirement of filing Appeals by electronic mode shall continue along with mandatory filing of the Appeals as per Rule 22 of the NCLAT Rules, 2016.

IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Second Amendment) Regulations, 2022 – IBBI Notification No. IBBI/2022-23/GN/REG101 dated 31.10.2022

The Board had issued three circulars, namely, (i) circular No. IP/005/2018 dated January 16, 2018 specifying the format for disclosure of relationship by the insolvency professional (IP) (ii) circular no. IPA/009/2018 dated April 19, 2018 mandating IPAs to submit Annual Compliance Certificate in the format given in the circular and (iii) circular No. IBBI/IPA/43/2021 dated July 28, 2021 specifying the list of contraventions by IP and the amount of penalty to be imposed by IPAs. The Board has notified Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Second Amendment) Regulations, 2022 on November 01, 2022, vide which provisions of aforesaid circulars have been incorporated in the Model Bye Laws Regulations and the said circulars stand rescinded. By the said amendment, no change in the list of contraventions by the IP and the amount of monetary penalties, has been introduced, as contained in the circular no. IBBI/IPA/43/2021, dated July 28, 2021.

Order regarding to computation of limitation for the purposes of filing an Appeal in NCLAT – Order dated 21.10.2022

With regard to computation of limitation in Appeals, following directions are hereby issued by the Competent Authority: - (1) The period of limitation shall be computed from the date of presentation of Appeal as per Rule 22 of the NCLAT Rules, 2016. (2) The requirement of filing Appeals by electronic mode shall continue along with mandatory filing of the Appeals as per Rule 22 of the NCLAT Rules, 2016. (3) This order will be effective with effect from 1st November, 2022.

IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2022 – IBBI Notification No. IBBI/2022-23/GN/REG100 dated 03.10.2022

Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2022 INSOLVENCY AND BANKRUPTCY BOARD OF INDIANOTIFICATIONNew Delhi, the 3rd October, 2022 No. IBBI/2022-23/GN/REG100.—In exercise of the powers conferred by sections 196, 203…

Revision of tenure of Members in NCLAT – MCA Notification No. SO-4581/SO-4582/SO-4583 dated 29.09.2022

MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 29th September, 2022 S.O. 4581(E).—In exercise of the powers conferred by section 410 of the Companies Act, 2013 (18 of 2013) read with sub-section (2) of section 3 and section 5 of the Tribunals…

Revision of tenure of Member in NCLT- MCA Notification No. SO-4584(E) dated 29.09.2022

MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 29th September, 2022 S.O. 4584(E).—In exercise of the powers conferred by section 413 of the Companies Act, 2013 (18 of 2013), the Central Government hereby extends the tenure of the following Judicial Members and…