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Provisions must be included in IBC for priority settlement of MSMEs’ dues
“In Corporate Insolvency Resolution Process (CIRP) under IBC, dues owing to MSME suppliers are not given priority in the sequence of...
Jul 10, 20212 min read


IBBI extends last date of submission of application for the post of Executive Director on deputation
The Insolvency and Bankruptcy Board of India (IBBI) extended the last date of submission of application for the post of Executive...
Jul 10, 20211 min read


ICAI, IPAICAI and RVO ICMAI organise "IP Conclave - 5 Years Journey of IBC"
The Professional Development Co-ordination Committee of ICAI, IPAICAI and RVO ICMAI organising IP Conclave - 5 Years Journey of IBC...
Jul 10, 20211 min read


IBBI releases Information Brochure on Pre-Packaged Insolvency Resolution Process
Micro, small, and medium enterprises (MSMEs) are critical for India’s economy. They contribute significantly to gross domestic product...
Jul 9, 20212 min read


IL&FS recovery rate is 61% is better than the average 39% recovery under the IBC process
Infrastructure Leasing & Financial Services Limited (IL&FS) is one of India's leading infrastructure development and finance companies....
Jul 9, 20212 min read


2nd National Online Quiz on Insolvency and Bankruptcy Code, 2016: IBBI
Insolvency and Bankruptcy Board of India (IBBI) organising 2nd National Online Quiz on Insolvency and Bankruptcy Code, 2016 from 1st...
Jul 8, 20211 min read


RBI directs banks to update the new definition of MSMEs vide Notification S.O. 2119(E) dt.26-6-2020
The Reserve Bank of India (RBI) direct the banks to updates the new definition of MSMEs as per the Government of India vide Gazette...
Jul 8, 20213 min read


IBBI conducts 12th Advanced Workshop on Insolvency and Bankruptcy Code 2016 in virtual mode for IPs
The Insolvency and Bankruptcy Board of India (IBBI) is conducting a one-day Advanced Workshop on Insolvency and Bankruptcy Code, 2016, on...
Jul 7, 20211 min read


Centre cannot delegate responsibility for DRT outside of the State: Kerala High Court
A Division Bench of the Kerala High Court has ruled that the Centre cannot entrust the charge of a Debts Recovery Tribunal (DRT) to any...
Jul 7, 20212 min read


Mirage of debt recovery cannot save banks
The banking sector has been flooded with NPAs during the past decade. As a result, most of the banks have become financially unstable,...
Jul 7, 20212 min read
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