IBBI Amends Norms Relating to the Insolvency Process for Personal Guarantors; Mandates RP to Present a Repayment Plan

Notification No. IBBI/2023-24/GN/REG107 dated 31.01.2024 … Continue reading “IBBI Amends Norms Relating to the Insolvency Process for Personal Guarantors; Mandates RP to Present a Repayment Plan”

IBBI Permits IPs to Resign from Assignment on the Recommendation of CoC/Consultation Committee/Debtor or Creditor

Notification No. IBBI/2023-24/GN/REG 110. Dated … Continue reading “IBBI Permits IPs to Resign from Assignment on the Recommendation of CoC/Consultation Committee/Debtor or Creditor”

Non-Renewal of Contract Doesn’t Amount to Termination; Compensation Received on Non-Renewal of Contract Isn’t Taxable

Case Details: Ms Padma Rao … Continue reading “Non-Renewal of Contract Doesn’t Amount to Termination; Compensation Received on Non-Renewal of Contract Isn’t Taxable”

AD Category-I Banks Can Allow India-UAE CEPA TRQ Holders to Make 11-Day Advance Payments for Gold Imports via IIBX | RBI

Circular No. RBI/2023-24/118 A.P. (DIR … Continue reading “AD Category-I Banks Can Allow India-UAE CEPA TRQ Holders to Make 11-Day Advance Payments for Gold Imports via IIBX | RBI”