IBBI AMENDS RESOLUTION PROCESS REGULATIONS
April 21, 2020 INSOL India - Editorial Team
IBBI amended the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations 2016. In view of the nationwide lockdown in view of Covid-19, it is difficult for the Resolution professional/ Interim resolution professional to conduct meetings and adhere to the norms..
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RELAXATION OF TAXATION LAWS/RULES
April 21, 2020 INSOL India - Editorial team
The Hon’ble President Promulgated taxation and other laws (relaxation of certain provisions) Ordinance 2020. Where, any time has been specified which falls during the period from 20th March, 2020 to 29th June, 2020 or such other date after 29th June,..
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FULLY ACCESSIBLE ROUTE’ FOR INVESTMENT BY NON-RESIDENT INDIANS IN GOVERNMENT SECURITIES
April 21, 2020 INSOL India - Editorial Team
Reserve Bank of India by two circulars bearing No. RBI/2019-20/199 AP (DIRC) Circular No. 24 and No. RBI/2019-20/200 AP (DIRC) Circular No.25 has clarified and revised the limit of FDI in corporate bonds and applicability of investment limits in the..
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Minister of State for Finance, Anurag Thakur, urges banks to not use IBC for every stressed asset
September 18, 2019 INSOL INDIA EDITORIAL BOARD
Mr Anurag Thakur, MoS for Finance, addressing the annual general meeting of the IBA said that the banks and financial institutions should first attempt to resolve the stressed assets outside IBC process. This will help the banks and business community...
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MCA and CERSAI have been notified as ‘repositories’ under Regulation 21 of the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017.
September 18, 2019 INSOL INDIA EDITORIAL BOARD
IBBI pursuant to its circular dated 7th September, 2019, has approved MCA 21 and CERSAI database as repositories under Regulation 21 of the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017.
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The National Company Law Appellate Tribunal permits the committee of creditors to guide the resolution professional of Jet Airways India Limited to discharge his duties in relation to foreign creditors
September 18, 2019 INSOL INDIA EDITORIAL BOARD
Two separate corporate insolvency resolution process (“CIRPs”) proceedings have been initiated against Jet Airways (India) Limited (“Jet”), one in India where the registered office of Jet is situated and one in Netherlands (North Holland) having the regional hub of Jet...