Insolvency and Bankruptcy Code

Blog, News, Insolvency and Bankruptcy Code

February 6, 2025

Central Government Appoints Shri L.V. Prabhakar as a Part-Time Member of IBBI

Notification No. 30-36/2022-Insolvency; Dated: 31.01.2025 … Continue reading “Central Government Appoints Shri L.V. Prabhakar as a Part-Time Member of IBBI”

Blog, News, Insolvency and Bankruptcy Code

February 4, 2025

NCLT Rejects Applicant’s Plea Challenging Approved RP as He Being a Third Party Had No Nexus to CIRP of Corporate Debtor

Case Details: Astral Agro Ventures … Continue reading “NCLT Rejects Applicant’s Plea Challenging Approved RP as He Being a Third Party Had No Nexus to CIRP of Corporate Debtor”

Blog, News, Insolvency and Bankruptcy Code

January 31, 2025

IBBI Extends the Time for Filing Grievances or Complaints to 30 Days After Closure of Related Legal Proceedings

Notification F. No. IBBI/2024-25/GN/REG119, Dated: … Continue reading “IBBI Extends the Time for Filing Grievances or Complaints to 30 Days After Closure of Related Legal Proceedings”

News, Blog, Insolvency and Bankruptcy Code

January 31, 2025

Disciplinary Committee Members Must Not Be Involved in Any Stage of Investigation or Inspection | IBBI Clarifies

Notification F. No. IBBI/2024-25/GN/REG118, Dated: … Continue reading “Disciplinary Committee Members Must Not Be Involved in Any Stage of Investigation or Inspection | IBBI Clarifies”

Blog, News, Insolvency and Bankruptcy Code

January 31, 2025

IBBI Extends Application Window for Renewal of Authorization for Assignment From 45 to 90 Days Before Expiry

Notification F. No. IBBI/2024-25/GN/REG117, Dated: … Continue reading “IBBI Extends Application Window for Renewal of Authorization for Assignment From 45 to 90 Days Before Expiry”

Blog, News, Insolvency and Bankruptcy Code

January 31, 2025

IBBI Amends Guidelines for Technical Standards on Core and Other Services Under Information Utilities Regulations

Amendment dated 29.01.2025 The IBBI … Continue reading “IBBI Amends Guidelines for Technical Standards on Core and Other Services Under Information Utilities Regulations”

Blog, News, Insolvency and Bankruptcy Code

January 31, 2025

In Absence of CIRP Against Principal Borrower, Application to Initiate Insolvency Against Personal Guarantor Lies Before DRT | NCLT

Case Details: Indian Bank v. … Continue reading “In Absence of CIRP Against Principal Borrower, Application to Initiate Insolvency Against Personal Guarantor Lies Before DRT | NCLT”

Blog, News, Insolvency and Bankruptcy Code

January 26, 2025

Plea for Extension of Time to Pay the Balance Bid Amount Dismissed as Bidder Failed to Comply With Tribunal’s Directions

Case Details: Nimmagadda Surya Pradeep … Continue reading “Plea for Extension of Time to Pay the Balance Bid Amount Dismissed as Bidder Failed to Comply With Tribunal’s Directions”

Blog, News, Insolvency and Bankruptcy Code

January 17, 2025

CIRP Against the Principal Borrower is a Prerequisite for Initiating Insolvency Proceedings Against Personal Guarantors

Case Details: UCO Bank v. … Continue reading “CIRP Against the Principal Borrower is a Prerequisite for Initiating Insolvency Proceedings Against Personal Guarantors”

Blog, News, Insolvency and Bankruptcy Code

January 15, 2025

IBBI Mandates Exclusive Use of ‘eBKray Auction Platform’ to Conduct Auctions for Sale of Assets During Liquidation Process

Circular no. IBBI/LIQ/81/2025; Dated: 10.01.2025 … Continue reading “IBBI Mandates Exclusive Use of ‘eBKray Auction Platform’ to Conduct Auctions for Sale of Assets During Liquidation Process”