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IBC Updates

IBC Update
IBC 5 October 2023
CIRP Amendment
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IBC Update
IBC 5 October 2023
Insolvency Professional Regulation
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IBC Update
IBC 29 September 2023
IBBI Update - Clarification w.r.t. Liquidators’ fee under clause (b) of sub-regulation (2) of Regulation 4 of IBBI (Liquidation Process) Regulations, 2016

If the liquidators’ fee is not fixed under sub-regulation (1) and (1A), clause (b) of sub-regulation (2) of Regulation 4 provides that the liquidator shall be entitled to a fee as a percentage of the amount realised net …

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IBC Update
IBC 6 September 2023
IBBI Update - Filing of CIRP Forms for the purpose of monitoring corporate insolvency resolution processes and performance of insolvency professional entities under the Insolvency and Bankruptcy Code, 2016 and the regulations made thereunder

The IBBI notified the IBBI (Insolvency Professionals) (Fourth Amendment) Regulations, 2022 on 28th September, 2022. The amended Regulations allowed the insolvency professional entities (IPEs) to get enrolled, registered …

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IBC Update
IBC 26 July 2023
IBBI (Insolvency Professionals) Regulations, 2016

Regulation Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) …

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IBC Update
IBC 6 March 2023
IBBI Update - Serving of copy of applications to the Board, as mandated under Rules 4, 6 and 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016.

To ensure filing of authentic information with the Board and further enable the Board to share information relating to the application for initiation of CIRP with the IU efficiently, the format has been revised. The revi…

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IBC Update
IBC 3 October 2022
Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Fourth Amendment) Regulations, 2022

Regulation Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016. Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Fourth Amendment) Regulations, 2022. Comments Regulat…

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IBC Update
IBC 3 October 2022
Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Third Amendment) Regulations, 2022

Regulation Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016. Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Third Amendment) Regulations, 2022. . Comments Reg 6 …

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IBC Update
IBC 20 September 2022
IBBI Update :Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2022

Regulation Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2022. Comments Reg 2B Compromise…

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IBC Update
IBC 20 September 2022
IBBI Update: Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Second Amendment) Regulations, 2022

Section / Reg Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017. Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Second Amendment) Regulations, 2022. Com…

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