IBBI and INSOL India International Conclave 2024

The Insolvency and Bankruptcy Board of India vide notification dated 22nd November, 2023 has announced the IBBI and INSOL India International Conclave 2024. The conclave is scheduled on 20th January 2024.

IBBI discussion paper on REAL-ESTATE RELATED PROPOSALS- CIRP & LIQUIDATION

Comments may be submitted electronically by 28th November, 2023 through IBBI website.

GENCOs encouraged to Participate in CIRP of Stressed Power Assets

The Ministry of Power (MoP) has issued an advisory encouraging all States/ Generation Companies (GENCOs) to participate in the Corporate Insolvency Resolution Process (CIRP) for taking over stressed thermal power assets. State-owned GENCOs are advised …

Discussion paper on amendments to Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Process) Regulations, 2016

Comments may be submitted electronically by 22nd November, 2023.

IBBI Discussion Paper on ‘Strengthening the Liquidation Process’

The paper proposes that the IBC may provide that the liquidator should list all assets of the CD as per the Asset Memorandum, on a listing platform in the manner to be notified by the …

IBBI seeks Rationalization of the Regulatory Framework for Enhancing the Effectiveness of Insolvency Professional Entities in Insolvency Resolution Process

Following limits are prescribed for IPs and IPEs in terms of assignments taken up: For IP who is an individual – Overall limit of 10 assignments at any point of time, out of which not …

IBBI Discussion Paper on Streamlining the Voluntary Liquidation Process

The IBBI has solicited public comments on these proposed changes, in accordance with its regulatory framework. Interested stakeholders are encouraged to provide their input on these amendments. Comments can be submitted electronically on the IBBI …

IBBI invites suggestions to simplify, ease and reduce cost of compliance of Regulations under IBC

The comments may be provided online by visiting the IBBI website at – https://ibbi.gov.in/webfront/regulation_comment.php .

IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2023

To expedite the resolution process and reduce delays, the amended regulations extend the timeline for creditors to submit claims. Creditors now have 90 days from the insolvency commencement date or the date of the latest …

Clarification regarding Filing of CIRP Forms for the purpose of monitoring corporate insolvency resolution processes and performance of insolvency professional entities under IBC

The facility for submitting the CIRP Forms has been now extended to entities acting as IPs also. These IPEs shall access the said platform with the help of a unique username and password provided by …

Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2023

it is hereby clarified that the regulatory fee under this regulation shall not be payable in case where the approved resolution plan in respect of insolvency resolution of a real estate project is from an …

Production Sharing Contracts, Revenue Sharing Contracts, Exploration Licenses and Mining Leases exempted from moratorium declared under IBC

The moratorium declared under Insolvency and Bankruptcy Code, 2016 shall not apply where the corporate debtor has entered into the Production Sharing Contracts, Revenue Sharing Contracts, Exploration Licenses and Mining Leases made under the Oilfields …

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