Restructuring & Insolvency

The IBBI (Insolvency Resolution Process for Personal Guarantors for Corporate Persons) Regulations, 2016 (PG Regulations) have been amended to insert Regulation

Both, IBBI (Liquidation Process) Regulations, 2016 (Liquidation Regulations) as well as IBBI (Voluntary Liquidation Process) Regulations, 2016 (VL Regulations) have been

In this Discussion Paper, the Insolvency and Bankruptcy Board of India (IBBI) has proposed the following amendments in the IBBI (Liquidation

By way of this Discussion Paper, the Insolvency and Bankruptcy Board of India (IBBI) aims to improve the efficiency of Real

By way of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2024, the

The Micro, Small and Medium Enterprises (MSMEs) form backbone of an economy. Given their importance, in order to encourage greater participation

IBBI has issued the Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2024

The Insolvency and Bankruptcy Board of India (IBBI) has proposed amendments to the Insolvency and Bankruptcy Board of India (Information Utilities)

This Appeal was preferred by the Appellant against an Order dated June 02, 2023 passed by the National Company Law Tribunal,

The Insolvency and Bankruptcy Board of India (IBBI) vide notification dated February 15, 2024 notified the IBBI (Insolvency Resolution Process for

The Insolvency and Bankruptcy Board of India (IBBI) vide discussion paper dated November 06, 2023 sought comments on the prospective amendments

The Insolvency and Bankruptcy Board of India (IBBI) vide discussion paper dated November 01, 2023 sought comments on the prospective amendments

The Insolvency and Bankruptcy Board of India (IBBI) vide notification dated September 18, 2023 notified the IBBI (Insolvency Resolution Process for

The Insolvency and Bankruptcy Board of India (IBBI) vide notification dated July 20, 2023 notified IBBI (Insolvency Professionals) (Amendment) Regulations, 2023

The Insolvency and Bankruptcy Board of India (IBBIH) vide Discussion Paper (Paper) dated June 07, 2023 proposed measures for increasing the

he Ministry of Corporate Affairs (MCA) vide Notification dated May 15, 2023 revised the procedure governing the issuance of notice of

On May 10, 2023, the National Company Law Tribunal, New Delhi (NCLT) admitted the application of Go Airlines (India) Limited (Company),

The Corporate Applicant was incorporated in April 29, 2004 and was engaged in running a lowcost Airline under the brand name

The Insolvency and Bankruptcy Board of India (IBBI) vide Circular dated March 04, 2023 revised the format for serving a copy

The Resolution Professional filed an Application for approval of the Resolution Plan. Meanwhile, the Financial Creditor, Kotak Mahindra Bank filed an

Rajesh Landmark Projects Pvt Ltd (Corporate Debtor/Appellant) had issued debentures to IREP Credit Capital Pvt Ltd (Financial Creditor). On December 20,

The Insolvency and Bankruptcy Board of India (IBBI) vide notification dated December 12,2022 issued certain guidelines pertaining to the appointment of

In exercise of the powers conferred by Clause (t) of Sub-Section (1) of Section 196 read with Section 240 of the

In exercise of the powers conferred by Clause (t) of Sub-Section (1) of Section 196 read with Section 240 of the

V. Hotels Ltd (Corporate Debtor) had executed a Loan Agreement in March 2002 with a consortium of banks consisting of Bank

The Insolvency Law Committee (ILC) report has recommended that Financial Creditors (FCs) that are financial institutions and such other FCs notified

Vide lease deed dated July 30, 2010, New Okhla Industrial Development Authority (NOIDA/Appellant) leased a plot to Shubhkamna Buildtech Pvt Ltd

The Insolvency and Bankruptcy Board of India (IBBI), in exercise of powers conferred under Section 196 read with Section 240 of

The last five and a half years since the introduction of the Insolvency and Bankruptcy Code, 2016 (Code) have witnessed a

On February 11, 2022, MCA amended the Companies (Accounts) Amendment Rules, 2022 (Amendment), effective immediately. As per the Amendment, every company

On April 01, 2022, the Reserve Bank of India (RBI) issued a Master Circular for income recognition, asset classification and provisioning

M/s Consolidated Construction Consortium Ltd (Appellant) entered into a contract with Chennai Metro Rail Ltd (CMRL) for supply of light fittings,

The Insolvency and Bankruptcy Board of India (IBBI) in exercise of powers conferred under Section 196 read with Section 240 of

On June 22, 2014, a Master Agreement to Sell (Master Agreement) was entered into between IDBI Trusteeship Ltd and Karvy Realty

Pursuant to the Finance Act, 2021, the Securities Contracts (Regulation) Act, 1956 (SCRA 1956) underwent certain amendments recently. These pertain to

The Insolvency and Bankruptcy Board of India (IBBI) in pursuance of Clause (ca) of Sub-Regulation (2) of Regulation 13 of the

An Application for initiation of Corporate Insolvency Resolution Process (CIRP) of Anush Finlease & Construction Pvt Ltd (Corporate Debtor) was filed

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In exercise of the powers conferred by Clause (t) of sub-Section (1) of Section 196 read with Section 240 of the

In exercise of the powers conferred by Clause (c) and Clause (cd) of Section 140 and Clause (viii) of Sub-Section (2)

IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2021

The increased consolidation in India Inc over the last few years has led to numerous instances of situations wherein the group

Quarterly newsletter analyzing the legal, regulatory and policy developments in India

Securities Contracts (Regulation) (Amendment) Rules, 2021

As per provisions of the Insolvency and Bankruptcy Code, 2016 (IBC or Code), in case of any defaults in paying a

The Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (recommendations) Guidelines, 2021

Pre-packaged insolvency resolution process for MSMEs

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SC vide judgment dated April 15, 2021 in the matter of Asset Reconstruction Company (India) Ltd v. Bishal Jaiswal & Anr.

Pre-packaged Insolvency Resolution Process - Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021

The Supreme Court (SC) vide Judgment dated March 23, 2021, in the matter of Small-Scale Industrial Manufactures Association (Regd.) v. Union

The Supreme Court (SC) vide judgment dated March 08, 2021 in the matter of Gujarat Urja Vikas Nigam Ltd v. Amit

IBBI Circular dated February 02, 2021 pertaining to providing copy of Application to the Board, as mandated under Rule 9 of

Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2021

Annual compendium highlighting and analyzing legal, regulatory and policy developments in India in 2020.

SEBI Press Release No. 61/2020 dated December 16, 2020 In order to recalibrate the Minimum Public Shareholding (MPS) requirements for listed

Gujarat Urja Vikas Nigam Ltd v. Yes Bank Ltd & Anr; Anup Sushil Dubey Suspended Board Member Umarai Worldwide (P) Ltd

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On June 05, 2020, President of India promulgated Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020 (Ordinance). This Ordinance now stands converted

On August 07, 2020, Insolvency and Bankruptcy Board of India (IBBI) notified the IBBI (Insolvency Resolution Process for Corporate Persons) (Fourth

Fair Practices Code for Asset Reconstruction Companies issued by Reserve Bank of India on July 16, 2020. ARCs have been advised

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Vexed case of proceedings against personal guarantors. Pursuant to Notification dated November 15, 2019 of Ministry of Corporate Affairs, with effect

The framework for bankruptcy and insolvency resolution in India is guided by the Insolvency and Bankruptcy Code, 2016 (IBC), which governs

As part of the Atmanirbhar Bharat Package announced in May 2020, the Finance Minister declared an exemption of all Covid-19 related

On April 20, 2020, the IBBI notified the IBBI (Liquidation Process) (Second Amendment) Regulations, 2020 and consequently amended the IBBI (Liquidation

The IBBI has vide notification dated March 29, 2020 amended the CIRP Regulations by insertion of regulation 40C.

Keeping up with the needs of the fast-changing business environment, IBC has been amended for the fourth time since 2016 with

The IBBI has vide notification dated March 29, 2020 amended the CIRP Regulations by insertion of regulation 40C. Pursuant to regulation

Keeping up with the needs of the fast-changing business environment, IBC has been amended for the fourth time since 2016 with

Suspension of the IBC for a period of 6 months shall further disable the creditors from initiating insolvency resolution proceedings against

Proactiveness of both government as well as regulator to streamline the corporate insolvency resolution process and prevent value destruction

On March 13, 2020, the Insolvency and Bankruptcy Code (Amendment) Bill, 2020, which was passed by both the houses of the

Quarterly newsletter highlighting and analyzing strategic legal, business and industry complexities in Indian Jurisdiction

Considered as the biggest insolvency reform in India, IBC has had a multi-faceted impact on India

FSPs are ordinarily not covered under the provisions of the IBC. On November 15, 2019, the Ministry of Corporate Affairs (MCA)

The Cabinet ministers of the Indian Government on 17 July 2019 said it would again amend the Insolvency and Bankruptcy Code,

Guarantee as a form of collateral security is popular in financing deals as the liability of a guarantor and the principal