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An IPE recognised by the IBBI can seek registration as an IP with the Board under Amended Regulation
The Insolvency and Bankruptcy Code, 2016 envisages the resolution of the corporate debtor in a time-bound manner to ensure the...
Sep 30, 20221 min read


Insolvency and Bankruptcy Board of India celebrates its Sixth Annual Day
The Insolvency and Bankruptcy Code, 2016 (Code) aims to reorganisation and insolvency resolution of corporate persons, partnership firms...
Sep 29, 20222 min read


If the decision of the CoC is reflected in the result of the voting it cannot be questioned: NCLAT
The National Company Law Appellate Tribunal (NCLAT), New Delhi bench comprising Justice Ashok Bhushan, Chairperson and Barun Mitra,...
Sep 29, 20227 min read


IBBI notifies the IBBI (Insolvency Professionals) (Fourth Amendment) Regulations, 2022
THE GAZETTE OF INDIA EXTRAORDINARY PART III, SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, WEDNESDAY, SEPTEMBER 28, 2022 INSOLVENCY AND...
Sep 29, 20226 min read


Burden is on the In-charge of the affairs of the firm to show that it is not liable to be convicted
The Supreme Court bench comprising Justices Surya Kant and J.B. Pardiwala was recently hearing an Appeal in a case of Dishonour cheque...
Sep 28, 202212 min read


RBI imposes a monetary penalty of ₹50 lakh on the Jalgaon People’s Co-operative Bank Limited
The Reserve Bank of India (RBI) has, by an order dated September 20, 2022, imposed a monetary penalty of ₹50.00 lakh (Rupees Fifty Lakh...
Sep 28, 20222 min read


S 7(5)(b) is applied before rejection of a claim if an Appeal is a sequel to the original proceeding
The Supreme Court bench comprising Justices Indira Banerjee and J.K. Maheshwari was recently hearing an Appeal on the issue of limitation...
Sep 28, 202210 min read


CMM/DM does not require to adjudicate disputes between Borrower/Third Party and Secured Creditor: SC
The Supreme Court bench comprising Justices M.R. Shah and Krishna Murari was hearing an Appeal yesterday and held that the powers...
Sep 27, 20229 min read


IBC: Before the constitution of CoC, there is no bar to withdraw an application admitted under Sec 7
The Supreme Court Bench comprising Justices Indira Banerjee and J.K. Maheshwari was hearing an Appeal on Thursday and held that before...
Sep 26, 20223 min read


RBI cancels the licence of The Laxmi Co-operative Bank Limited, Solapur, Maharashtra
The Reserve Bank of India (RBI), vide order dated 14 September 2022, has cancelled the licence of “The Laxmi Co-operative Bank Limited,...
Sep 26, 20222 min read
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