6 July 2020

Search Results for Tag : IBC

News

Centre Notifies Regulations for Liquidation Process Under New Bankruptcy Code(19.12.2016)

Central Government has notified rules by which companies can go through liquidation under Insolvency and Bankruptcy Code (IBC), 2016.

Tags : Central Government, liquidation, Insolvency and Bankruptcy Code (IBC), 2016

NCLAT: Guarantors’ Assets Cannot be Liquidated Under IBC(08.03.2018)

National Company Law Appellate Tribunal (NCLAT) has ruled that personal assets of guarantors, who in most cases are promoters, cannot be liquidated in.....

Tags : NCLAT, IBC

President Okays IBC Ordinance, Home Buyers To Be Treated As Financial Creditors(07.06.2018)

Home buyers will now be recognised as financial creditors under the insolvency law, with the Government promulgating an ordinance. President Ram Nath .....

Tags : IBC Ordinance

NCLT Admits Videocon Case for Insolvency Proceedings(08.06.2018)

National Company Law Tribunal (NCLT) has admitted the case of Videocon Industries for insolvency proceeding.

Tags : Insolvency, IBC

NCLT Asks Alok Industries RP to Reconsider Plan Submitted by RIL(12.06.2018)

Ahmedabad bench of National Company Law Tribunal (NCLT) has directed the Resolution Professional (RP) for Alok Industries to reconsider the resolution.....

Tags : Insolvency, IBC

NCLT Admits Andhra Bank’s Insolvency Plea Against Sterling(12.06.2018)

National Company Law Tribunal (NCLT) has admitted the insolvency petition filed by Andhra Bank against Mumbai-based Sterling Biotech Ltd, which owes a.....

Tags : Insolvency, IBC

No Provision of Summer Break for NCLT, NCLAT: Government(12.06.2018)

Government has said that there’s no provision for vacation under the rules framed in 2016 for National Company Law Tribunals (NCLT) and National Compa.....

Tags : Insolvency, IBC

Creditor Need Not Give Notice of Default to Corporate Debtor: NCLT(13.06.2018)

Mumbai Bench of National Company Law Tribunal (NCLT) has observed that prior notice is not required to be given by a creditor under the Insolvency & B.....

Tags : Insolvency, IBC

IBBI Prescribes Norms for Fee and Other Expenses Incurred for CIRP(13.06.2018)

Insolvency and Bankruptcy of India ( IBBI ) has prescribed fee and other expenses incurred for Corporate Insolvency Resolution Process.

Tags : Insolvency, IBC

NCLT Grants Additional 20 Days for Adhunik Metaliks to Complete CIRP(19.06.2018)

Kolkata Bench of National Company Law Tribunal (NCLT) has granted an additional 20 days time for Adhunik Metaliks to complete its ongoing insolvency r.....

Tags : Insolvency, IBC

NCLT Allows Admission of Claims at Liquidation Stage(21.06.2018)

National Company Law Tribunal (NCLT), Delhi has ruled that claims made by creditors that were not admitted by the resolution professional during morat.....

Tags : Insolvency, IBC

NCLT Reserves Order on Jyoti Structures’ Resolution Plan(22.06.2018)

Mumbai bench of the National Company Law Tribunal (NCLT) has reserved its order on both the plan placed before it by the resolution professional of Jy.....

Tags : Insolvency, IBC

NCLT Allows Extension of Deadline to Evaluate Bidders of Mandhana Industries(25.06.2018)

Mumbai bench of National Company Law Tribunal (NCLT) has allowed Resolution Professional (RP) of Mandhana Industries (MIL) to exclude the time between.....

Tags : Insolvency, IBC

NCLT Approves GMSPL Plan for Orissa Manganese(25.06.2018)

National Company Law Tribunal (NCLT), Kolkata has approved the resolution plan of Ghanshyam Mishra & Sons (GMS) for revival of debt-ridden Orissa Mang.....

Tags : Insolvency, IBC

NCLAT Refuses to Defer Order on Uttam Galva Units’ Insolvency Case(26.06.2018)

National Company Law Appellate Tribunal (NCLAT) has refused to direct the Mumbai bench of National Company Law Tribunal (NCLT) to defer its pronouncem.....

Tags : Insolvency, IBC

NCLT Directs Alok Industries’ RP to Submit Approval for RIL-JM Fin Plan(26.06.2018)

Ahmedabad bench of National Company Law Tribunal (NCLT) has directed the Resolution Professional (RP) of Alok Industries to submit an application for .....

Tags : Insolvency, IBC

IBBI Denies Registration as IP Against Whom Criminal Proceedings Are Pending(26.06.2018)

Insolvency and Bankruptcy Board of India ( IBBI ) has rejected an application for registration as an Insolvency Professional (IP) of an individual aga.....

Tags : Insolvency, IBC

NCLT Admits Insolvency Petition Against Uttam Galva Steel Subsidiary(27.06.2018)

Mumbai bench of National Company Law Tribunal (NCLT) has admitted an insolvency petition filed by State Bank of India (SBI) against Uttam Value Steel .....

Tags : Insolvency, IBC

NCLT: Guarantor’s Mortgaged Asset Can be Liquidated(28.06.2018)

National Company Law Tribunal has ordered liquidation of mortgaged property of a guarantor as part of the recovery of loans to a bankrupt company.

Tags : Insolvency, IBC

NCLAT Refuses to Stay Electrosteel Delisting(28.06.2018)

National Company Law Appellate Tribunal (NCLAT) has refused to stay the delisting of Electrosteel Steels shares by its new promoter Vedanta.

Tags : Insolvency, IBC

NCLAT Stays NCLT Order on Appointment of Directors to 63 Moons(28.06.2018)

National Company Law Appellate Tribunal (NCLAT) has stayed an order of Chennai Bench of National Company Law Tribunal (NCLT), which allowed the govern.....

Tags : Insolvency, IBC

NCLAT Seeks Explanation for Rejection of Essar Steel Bids(03.07.2018)

National Company Law Appellate Tribunal (NCLAT) has sought an explanation from the insolvency resolution professional of Essar Steel Ltd for rejecting.....

Tags : Insolvency, IBC

NCLT Reserves Order on Srei Infra’s Plea Against Sterling Units(03.07.2018)

Mumbai bench of National Company Law Tribunal has reserved its order in an insolvency plea filed by Srei Infrastructure Finance Ltd against Sterling S.....

Tags : Insolvency, IBC

IBBI Gives Timelines for Insolvency Process, Allows Withdrawal of Application(06.07.2018)

Insolvency and Bankruptcy Board of India (IBBI) has notified norms to allow homebuyers to get relief as financial creditors, permitted withdrawal of i.....

Tags : Insolvency, IBC

Hind Dorr-Oliver, HDO Tech to Be Liquidated: NCLT(09.07.2018)

Mumbai bench of National Company Law Tribunal (NCLT) has ordered liquidation of engineering, procurement and construction (EPC) company Hindustan Dorr.....

Tags : Insolvency, IBC

NCLAT Asks RP, CoC of Bhushan Power to Address Liberty House's Grievances(10.07.2018)

National Company Law Appellate Tribunal has directed resolution professional and Committee of Creditors (CoC) of Bhushan Power & Steel to address gri.....

Tags : Insolvency, IBC

IBBI Prohibits Empanelment of Insolvency Professional Entities with Market Participants(11.07.2018)

Insolvency and Bankruptcy Board of India (IBBI) has expressly prohibited the empanelment of Insolvency Professional Entities with market participants.

Tags : Insolvency, IBC

NCLAT Seeks Status Report on Jaypee Infratech Insolvency Resolution(16.07.2018)

National Company Law Appellate Tribunal (NCLAT) has asked the resolution professional (RP) for Jaypee Infratech to submit details on the progress of i.....

Tags : Insolvency, IBC

Supreme Court on IBC: No Moratorium for Personal Guarantors(16.08.2018)

Supreme Court has clarified that the statutory moratorium period provided for corporate debtors facing insolvency proceedings will not apply to person.....

Tags : Supreme Court, IBC

President Gives Assent to Insolvency Second Amendment Law(20.08.2018)

President Ram Nath Kovind has given his assent to Insolvency and Bankruptcy Code (Second Amendment) Act 2018 which replaces the June 6 insolvency ordi.....

Tags : Insolvency, IBC, Amendment

Corporate Debtor can Withdraw Application Filed Under IBC on Making OTS Offer to Creditor : NCLT(28.01.2019)

NCLT has allowed the a corporate debtor to withdraw petition for its insolvency, though with costs, besides allowing ex-director of corporate debtor t.....

Tags : NCLT, Corporate Debtor can Withdraw Application Filed Under IBC

CIVIL - IBC Reigns Supreme Over Other Civil Laws: Delhi High Court(25.02.2019)

Delhi High Court on Friday upheld the supremacy of Insolvency and Bankruptcy Code (IBC) over other civil laws such as those of contracts and guarantee.....

Tags : Delhi High Court, Insolvency and Bankruptcy Code, IBC

CIVIL - IBC Reigns Supreme Over Other Civil Laws: Delhi High Court(25.02.2019)

Delhi High Court has upheld supremacy of Insolvency and Bankruptcy Code (IBC) over other civil laws such as those of contracts and guarantees and said.....

Tags : Delhi High Court, Insolvency and Bankruptcy Code, IBC

Notifications & Circulars

IBBI, SEBI sign MoU for better implementation of IBC(19.03.2019)

The Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) today with the Securities and Exchange Board of India (.....

Tags : MOU, Signing of, Implementation, IBC

NCLAT: IBC Proceedings Valid Even if Company's Name Struck Off From Register(13.09.2019)

National Company Law Appellate Tribunal (NCLAT) has reiterated that an application under Section 7 and 9 of the Insolvency and Bankruptcy Code, 2016 f.....

Tags : NCLAT, IBC

SC: Enforcement date of IBC Wholly Irrelevant to Triggering of any Limitation for Applications(03.10.2019)

Supreme Court has observed that the enforcement date of the Insolvency and Bankruptcy Code, 2016 does not and cannot form a trigger point of limitatio.....

Tags : SC, IBC

Central Government Notifies New IBC Rules to Cover Financial Service Providers(18.11.2019)

Central Government has put out the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to.....

Tags : Central Government, IBC

NCLT: Ministry of Corporate Affairs Should be Party in all IBC Proceedings(26.11.2019)

National Company Law Tribunal, Principal Bench has ruled that it will be mandatory to make Ministry of Corporate Affairs a party to all the cases unde.....

Tags : NCLT, IBC

Top Story

Cabinet Approves Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019(11.12.2019)

The Union Cabinet chaired by the Prime Minister approved the proposal to make amendments in the Insolvency and Bankruptcy Code, 2016 (Code), through t.....

Tags : IBC, Second Amendment, Approval

NCLAT Sets Aside NCLT Order to Add MCA as Party in All IBC Cases and Company Petitions(26.05.2020)

National Company Law Appellate Tribunal (NCLAT) has set aside an order of National Company Law Tribunal (NCLT) which mandated the impleadment of the U.....

Tags : National Company Law Appellate Tribunal, Ministry of Corporate Affairs, Party to IBC Matters

Government suspends IBC qua fresh bankruptcy proceedings amid covid pandemic(05.06.2020)

In an unprecedented move, the Government of India has suspended fresh proceedings under Sections 7, 9 and 10 of the Insolvency and Bankruptcy Code, 20.....

Tags : Fresh proceedings, Suspension, IBC

Copyright © 2020 - All Rights Reserved