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INSOL India is an independent leadership body representing practitioners and other associated professionals specialising in the fields of restructuring, insolvency and turnaround. It is an association with an architecture that facilitates key stakeholders to come together and share experiences while preserving their independence. |
Welcome to INSOL India Newsletter Volume 22, Issue June | Jul 15, 2019
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In this edition
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News
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Reserve Bank of India issues revised prudential framework for resolution of stressed assets |
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Trade Unions are operational creditors under the Insolvency and Bankruptcy Code, 2016 |
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Statutory Dues shall be treated as operational debt under the Insolvency and Bankruptcy Code, 2016 and cannot be subject to waiver by the relevant authorities |
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Clarification on calculation of voting shares of home buyers in committee of creditors of a corporate debtor |
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SBI takes Jet Airways to NCLT for Resolution |
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Axis Bank-led group of lenders approves Adani Power's bid for GMR Chhattisgarh Energy |
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Release of publication ‘Understanding the Insolvency and Bankruptcy Code, 2016: Analysing developments in jurisprudence’. |
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Advance workshop on the Insolvency and Bankruptcy Code, 2016 for Insolvency Professionals |
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Roadshow on ‘Insolvency and Bankruptcy Code - A New Paradigm for Stressed Assets’ in Singapore |
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The Insolvency and Bankruptcy Board of India clarifies the procedure for temporary surrender and revival of professional membership of an insolvency professional |
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Reserve Bank of India issues revised prudential framework for resolution of stressed assets
RBI by its circular on a Revised Framework for Resolution of Stressed Assets dated February 12, 2018 (“February 12 Circular”) had established a more stringent regime for debt resolution …
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Trade Unions are operational creditors under the Insolvency and Bankruptcy Code, 2016
The Supreme Court of India ("Supreme Court”), in the matter of JK Jute Mill Mazdoor Morcha vs. Juggilal Kamlapat Jute Mills Company Limited through its Director & Ors., considered whether trade …
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Statutory Dues shall be treated as operational debt under the Insolvency and Bankruptcy Code, 2016 and cannot be subject to waiver by the relevant authorities
The National Company Law Appellate Tribunal ("NCLAT”), in the matter of RMS Employees Welfare Trust vs. Anil Goel, has observed that the debt due to the Central Government and/or the State …
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Clarification on calculation of voting shares of home buyers in committee of creditors of a corporate debtor
The case of Jaypee Greens Krescent Homes Buyers Welfare Association vs. Jaypee Infratech Limited was referred by the Allahabad Bench of the National Company Law Tribunal to the Delhi Bench (reference …
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SBI takes Jet Airways to NCLT for Resolution
A consortium of 26 lenders, led by the State Bank of India had approached the Mumbai bench of NCLT to initiate corporate insolvency resolution process (“CIRP”) against Jet Airways (India) …
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Axis Bank-led group of lenders approves Adani Power's bid for GMR Chhattisgarh Energy
Lenders to GMR Chhattisgarh Energy have approved the bid by Adani Power, and the Axis Bank-led consortium of lenders has issued Letter of Intent (LoI) to the bidder. In a statement, GMR …
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Release of publication ‘Understanding the Insolvency and Bankruptcy Code, 2016: Analysing developments in jurisprudence’.
Hon’ble Mr. Justice M. M. Kumar, President, National Company Law Tribunal (“NCLT”) released a publication titled ‘Understanding the Insolvency and Bankruptcy Code, 2016: …
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Advance workshop on the Insolvency and Bankruptcy Code, 2016 for Insolvency Professionals
For the first time IBBI is conducting two-day Advance Workshop on Insolvency and Bankruptcy Code, 2016 on the 30th and 31st of August, 2019 at New Delhi. The workshop is meant for the IPs who are …
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Roadshow on ‘Insolvency and Bankruptcy Code - A New Paradigm for Stressed Assets’ in Singapore
The Federation of Indian Chambers of Commerce & Industry (“FICCI”), in association with IBBI and the High Commission of India in Singapore, organised a Roadshow in Singapore on 6th - 7th …
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The Insolvency and Bankruptcy Board of India clarifies the procedure for temporary surrender and revival of professional membership of an insolvency professional
The IBBI, vide its circular dated May 02, 2019, has clarified the procedure for temporary surrender and revival of professional membership of an insolvency professional (“IP”). IPs have …
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E-Newsletter Editorial Board
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Founder & Managing Partner, Equilex
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Partner, Shardul Amarchand Mangaldas
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Partner, PwC India
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Partner, Dentons Link Legal
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Senior Partner with DSK Legal
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Managing Associate, Chandhiok & Mahajan
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Assistant Professor - Faculty of Law, University of Delhi
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Disclaimer
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INSOL India is a society registered under the provisions of Societies Registration Act XXI of 1860. A certificate to this effect was issued by the Registrar of Societies, Government of National Capital Territory of Delhi on 11th January 2000.
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The formation of INSOL India fulfilled the long cherished desire of the members of the legal fraternity, chartered accountants, company secretaries and other persons, bodies and institutions in India, to have an association to promote closer co-operation, exchange of ideas, dissemination of information and an empathetic understanding of law of insolvency and related laws.
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contact@insolindia.com
www.insolindia.com