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INSOLVENCY PROFESSIONAL AGENCIES
Fix the ABC of IBC: Why we should re-engineer the bankruptcy code furtherThe recent litigation around Jaypee has once again unleashed a raging debate over arbitrary decision-making by financial creditors, lack of...- SC asks NCLAT to take decision on 14 housing projects of debt-ridden SupertechThe Supreme Court has directed the NCLAT to quickly decide on merging Supertech's remaining 14 housing projects. This move aims to ensure p...
- IBBI extends deadline to file liquidation forms to December 31The Insolvency and Bankruptcy Board of India (IBBI) has extended the deadline for liquidators and Insolvency Professional Agencies to file ...
- IPs spend significant time on issues related to statutory authorities during IBC process: SurveyInsolvency professionals face challenges with statutory authorities and enforcement agencies during the resolution process, as per a survey...
- IBBI proposes compliance procedures for IPs, seeks stakeholder feedbackThe Insolvency Bankruptcy Board of India (IBBI) has proposed changes to the corporate insolvency resolution process (CIRP) forms and compli...
- Meet India's Insolvency professionals: Male, chartered accountants and not so youngThe typical Indian insolvency professional (IP) is a middle-aged male chartered accountant. Only 10% of the 4,352 registered IPs are women,...
- IBBI changes its norms to simplify registration of IPsThrough the latest changes, the IBBI has introduced a common application form for both enrolment and registration processes. It has also se...
- Insolvency and Bankruptcy Code has resulted in substantial recoveries: GC Murmu“With the code in place, non-repayment of loan is no more an option and ownership of the firm is no more a divine right and equity is no mo...
- Mohandas Pai to chair IBBI advisory committee on service providersBharti Infratel Chairman Akhil Gupta, Raksha Shakti University Director General Bimal N Patel, CSB Bank MD and CEO Chinna Veerappan Rajendr...
- IBBI tightens norms for insolvency resolution professionalsInsolvency resolution professionals would be barred from having employment when they are in possession of authorisation to take up work und...
- Insolvency professionals to disclose relationship with related partiesIt will be deemed as in-relation if an insolvency professional derives 5% or more of his gross revenues in a year from professional service...
- Insolvency Code picking up with right framework: IBBI bossAbout 250 insolvency transactions including 11 of 12 big accounts identified by RBI is on different National Company Law Tribunals across t...
- Insolvency professionals in high demand: CAs, cost accountants and company secretaries rush to get qualified“CAs (chartered accountants) have to play a huge role in the insolvency resolution domain,” said Arijit Chakraborty, a practising chartered...
- IBBI notifies regulations for probe under bankruptcy codeInsolvency professional agencies, professionals, entities and information utility are considered as service providers under the Code.
- Window closes today for submitting comments on Voluntary Liquidation regulationsThe Ministry of Corporate Affairs had set-up four working groups of experts and practitioners to facilitate implementation of the Insolvenc...
- Bankruptcy Code to unlock Rs 25,000 crore in 5 years: ICSI"Insolvency & Bankruptcy Code, 2016 is likely to unlock Rs 25,000 crore of money over the next five years, ICSI President Mamta Binani told...
- Insolvency and Bankruptcy Code to kick in from tomorrowThe Code will help quicker resolution of cases and unlock value of assets, Mamta Binani, President, ICSI, the apex body of company secretar...
- Lot of expectations from new insolvency mechanism: FM Arun JaitleyJaitley also said there are a lot of expectations from this new insolvency mechanism and sure that it will deliver the desired results.
- Insolvency and Bankruptcy Board sets up two advisory panelsThe nine-member advisory committee on service providers is headed by educationist Mohandas Pai while the panel on corporate insolvency and ...
- Insolvency and Bankruptcy Board notifies regulationsMoving ahead with implementation of the Code, two sets of regulations have been notified by the Insolvency and Bankruptcy Board of India (I...
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