ibbi

On 31st October 2022, IBBI has amended the IBBI( Model Byelaws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 vide IBBI( Model Byelaws and Governing Board of Insolvency Professional Agencies) (Second Amendment) Regulations, 2022. Key Highlights of the amendments are as follows: 1. Imposition of Monetary Penalty by IPAs With this amendment, IBBI has prescribed the threshold limits of monetary penalty that can be imposed by the Disciplinary Committee of Insolve..

IBBI amends Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 and Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 The Insolvency and Bankruptcy Board of India notified the Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2022 (‘Amendment Liquidation Regulations’) and Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Second Amendment) Regul..

IBBI amends Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations, 2017 and the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017 With a view to put in place, a streamlined and swift complaint handling procedure, the Insolvency and Bankruptcy Board of India notified the Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) (Amendment) Regulations, 2022 and the Insolvency and Ban..

Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 The Insolvency and Bankruptcy Board of India (IBBI/Board) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2016 (CIRP Regulations) on 14th June, 2022. The amendment provides the operational creditors to furnish extracts of Form GSTR-..

Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 The Insolvency and Bankruptcy Board of India notified the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Amendment) Regulations, 2022 (Amendment Regulations) on 05th April, 2022. The Insolvency and Bankruptcy Code, 2016 read with Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 201..

Shri Ravi Mital takes charge as Chairperson of Insolvency and Bankruptcy Board of India Shri Ravi Mital took charge as Chairperson of Insolvency and Bankruptcy Board of India in New Delhi today. A 1986 batch Indian Administrative Service (IAS) officer of Bihar cadre, Shri Mital holds degrees of B.E. in Mechanical Engineering and M.Phil. in Environmental Science.   Prior to joining the IBBI as Chairperson, he superannuated from the position of Secretary, Department of Sports, Min..

IBBI organises International Conference in Virtual Mode on "MSMEs: Legislative and Regulatory Challenges", in association with UNCITRAL RCAP, Gujarat National Law University and Tamil Nadu National Law University As part of the ongoing ‘Azadi Ka Amrit Mahotsav’ celebrations, the Insolvency and Bankruptcy Board of India (IBBI) organized a one day, International Conference (Virtual Mode) on “MSMEs: Legislative and Regulatory Challenges” on 3rd Fe..

Overview The Insolvency and Bankruptcy Board of India (IBBI) vide Facilitation / 001 / 2020 dated 08th May, 2020 has issued circular on Role of Resolution Professional / Liquidator in respect of Avoidance Transactions for educating the IPs and other stakeholders. of corporate insolvency resolution and liquidation processes The Circular was issued to: All Registered Insolvency Professionals All Registered Insolvency Professional Agencies All Recognized Insolvency Professional ..

The Insolvency and Bankruptcy Board of India (IBBI) has notified a new set of regulations to amend the existing IBBI (Insolvency Professionals) Regulations, 2016 which shall come into force as on the date of its publication in the Official Gazette.   Sr. No. Amendment Effect 1 Substitution- Regulation 5(c)(iii) (Qualification & experience for registration of Insolvency Professionals): (i..

The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2016 on 14th July, 2021 The amendment regulations enhance the discipline, transparency, and accountability in corporate insolvency proceedings:   A corporate debtor (CD) may have changed its name or registered office address prior to commencement of insolvency. The stakeholders may find it..