Reports

Insolvency Mediation – Report on framework for use of Mediation under Insolvency and Bankruptcy Code, 2016(IBC) – January, 2024

The Expert Committee, constituted by IBBI, to examine the scope of use of mediation in respect of processes under the IBC submitted its Report on 31st January 2024.

The Report was handed over by Dr. T. K. Viswanathan, Chairperson of the Expert Committee to Mr. Ravi Mital, Chairperson, IBBI at IBBI office in New Delhi. Members of the Expert Committee Mr. Sudhaker Shukla, Mr. Sumant Batra and Mr. Santosh Kumar Shukla were also present during the handover.

Insolvency Mediation – Report on framework for use of Mediation under Insolvency and Bankruptcy Code, 2016(IBC) – January, 2024 Read Post »

5th Report of Insolvency Law Committee – May, 2022

5th Report of the Insolvency Law Committee, May 2022
The key recommendations in Report of the Insolvency Law Committee, May 2022 are as follows:
(i) Mandating reliance on information utilities (IUs) for establishing default;
(ii) Continuation of proceedings for avoidable transactions and improper trading after CIRP;
(iii) Change in threshold date for look-back period;
(iv) Curbing submission of unsolicited resolution plans and revisions of resolution plans;
(v) Timeline for approval or rejection of resolution plan;
(vi) Standard of conduct of the Committee of Creditors (CoC);
(vii) Stakeholders Consultation Committee (SCC);
(viii) Secured Creditor’s Contribution;
(ix) Voluntary Liquidation Process;
(x) Operationalizing the Insolvency and Bankruptcy Fund (IBC Fund) and Additional Changes

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Report of the Company Law Committee 2022 – March, 2022

The MCA has constituted Company Law Committee (CLC) to make recommendations to the Government inter alia on changes aimed at facilitating and promoting greater ease of doing business in India and effective implementation of the Companies Act, 2013, the Limited Liability Partnership Act, 2008 and the Rules made thereunder. The CLC has submitted its latest Report-2022 to the Government on 21st March, 2022.

Report of the Company Law Committee 2022 – March, 2022 Read Post »

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