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IBC SUSPENSION
IBBI issues new guidelines to speed up appointment of insolvency professionalsThe Insolvency and Bankruptcy Board of India has released new rules for insolvency professionals. These guidelines aim to speed up appointm...- 200 insolvency applications filed since suspension of fresh proceedings ended in MarchTalking about fresh insolvency filings after the expiry of the suspension, IBBI Chairperson M S Sahoo said the higher threshold of default ...
- Tribunals may see surge in insolvency cases, say expertsTo protect firms from being dragged to insolvency court over defaults on account of the pandemic, the Centre had, in March last year, suspe...
- Normalcy restored for resolution of stress under IBC: IBBI Chairperson MS SahooCertain provisions under the Code, which provides for time-bound and market-linked resolution of stressed assets, were suspended with effec...
- View: Will lifting of IBC suspension turn out to be a damp squib?Proviso to Section 10A of the IBC states that, no application shall ever be filed for initiation of corporate insolvency resolution process...
- Centre notifies three-month extension of IBC suspensionThe MCA also notified 45 sections of the amended Companies Act, largely relating to the decriminalisation and reduction of fines of various...
- Insolvency and bankruptcy code (IBC) suspension extended till March 31The government had suspended fresh proceedings under IBC for loan defaults on or after March 25, for six months, as part of measures to pro...
- IBC suspension likely to be extended by 3 more months amid Covid crisisPolicymakers are of the view that a further extension is required as the economy is yet to emerge from contraction and businesses need reli...
- Government extends suspension of fresh insolvency proceedings for three monthsThe ministry of corporate affairs, which notified the extension on Thursday, had received extensive representation from the industry seekin...
- Lok Sabha passes Insolvency and Bankruptcy Code Amendment BillResponding to a discussion on the IBC amendment bill in Lok Sabha, Sitharaman said stakeholders have other options for loan stress resoluti...
- IBC provisions to protect companies from ending up in liquidation: FM SitharamanThe upper house of Parliament passed the bill, which seeks to replace the ordinance imposing the suspension of certain sections of the IBC ...
- Government considering pre-packaged resolution for stressed firms under IBC“Government has set up a committee to give a pre-pack framework, we expect the report of the committee to come by the end of this month,” s...
- Plea against Insolvency code ordinance; Delhi High Court seeks Centre's standA bench of Chief Justice D N Patel and Justice Prateek Jalan issued notice to the Ministry of Law and the Insolvency and Bankruptcy Board o...
- IBC suspension to provide breathing space to struggling companies: ExpertsAmong other things, the Ordinance sought to prevent businesses that are experiencing distress on account of unprecedented situation followi...
- View: Fear of flattening the business curveTo deal with Covid fallout, the Ordinance amended IBC, & suspended the law for six months, starting June 5.
- IBC suspension leaves door open for fraud: ExpertsAs per the ordinance issued on Friday, proceedings under the Insolvency and Bankruptcy Code can never ‘ever’ be filed for defaults occurrin...
- Complete IBC suspension for defaults may hurt creditorsThe ordinance passed by the government on Friday said that "no application shall ever be filed" for insolvency proceedings on default on or...
- Government’s Covid-19 insolvency relief may be a double-edged swordThe directives of the Central Government to tide over these trying times are laudable. However, many of these changes are myopic and will c...
- One-year IBC suspension plan leaves banks in a fixA one-year blanket suspension of new cases under the Insolvency Code has surprised bankers.
- Govt decides to suspend up to 1 year IBC provisions that trigger fresh insolvency proceedings: ReportSection 7, 9 and 10 of the IBC would be suspended for six months and the suspension time can be extended up to one year. An enabling provis...
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