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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


IBC is meant for reorganisation, it is not a recovery tool: IBBI Chairperson MS Sahoo
Insolvency and Bankruptcy Board of India (IBBI) is a regulatory body of the Insolvency and Bankruptcy Code (IBC). The IBBI Chairperson...
Jul 7, 20212 min read


Revised Standard Operating Procedure dated 3rd January, 2021 would now be fully operational in NCLAT
National Company Law Appellate Tribunal (NCLAT) referred to its earlier Notice No. 112/2021 dated 24th May 2021. The Notice under...
Jul 7, 20211 min read


IBBI to obtain preference of IPs for topics which could be covered in forthcoming Basic Workshop
Insolvency and Bankruptcy Board of India (IBBI) has been organising regular workshops for the benefit of the Insolvency Professionals...
Jul 5, 20211 min read


Government extends the entrustment of additional charge of the post of Presiding Officer in DRTs
In exercise of powers conferred by Section 4 of the Recovery of Debts and Bankruptcy Act, 1993 the Central Government hereby extend the...
Jul 5, 20211 min read


IBBI to obtain preference of IPs for topics which could be covered in forthcoming Advanced Workshops
Insolvency and Bankruptcy Board of India (IBBI) has been organising regular workshops for the benefit of the Insolvency Professionals...
Jul 5, 20211 min read


SC adjourns hearing in a plea seeking modification of 23 March 2021 moratorium judgement
The Supreme Court on 2 July 2021 adjourned the petition filed by Advocate Vishal Tiwari, seeking a direction to allow his plea and...
Jul 5, 20212 min read


IBBI Beta Project: Aadhar and PAN details of creditors revealed on the website
The Insolvency and Bankruptcy Board of India (IBBI) accidentally displays the Aadhar and PAN details of the creditors on their website....
Jul 4, 20211 min read


Supreme Court denies plea seeking stay on disclosure notices issued to banks by RBI under RTI Act
The Supreme Court of India on 2 July 2021, denied the Punjab National Bank and the Union Bank of India to give stay on the RTI notices...
Jul 4, 20211 min read
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