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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 27, Issue AUGUST / SEPTEMBER | Sep 05, 2020
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Upcoming Events and Activities
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17th |
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September, 2020 |
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Venue: INSOL International
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In this edition
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Articles
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IMPACT OF COVID-19 ON INSOLVENCY RESOLUTION UNDER THE IBC ROUTE |
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News
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The Adjudication of Disputed Claims under IBC: A Lacunae Left Unattended? |
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NCLAT sets aside Insolvency proceedings against Sarda Agro Oils |
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Cross-Border Insolvency: Why India should adopt the UNICTRAL Model Law |
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Insolvency and Bankruptcy Board of India(Online Delivery of Educational Course and Continuing Professional Education by Insolvency Professional Agencies and Registered Valuers Organisations)Guidelines, 2020 |
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Insolvency and Bankruptcy Board of India (Liquidation Process) (Third Amendment) Regulations, 2020 |
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Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Second Amendment) Regulations, 2020 |
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Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2020 |
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Limit on the number of assignments for an Insolvency Professional |
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IBBI lists out potential red flags to detect avoidance transactions |
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Plea against Insolvency code ordinance; Delhi High Court seeks Centre's stand |
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Reserve Bank of India Resolution Framework for COVID-19 Related Stress |
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Micro, Small and Medium Enterprises Sector (MSME) – Restructuring of Advances |
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Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2020 |
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Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2020 |
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Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2020 |
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The Adjudication of Disputed Claims under IBC: A Lacunae Left Unattended?
The Insolvency and Bankruptcy Code, 2016 (“IBC”) is silent on the appropriate authority which would exercise adjudicatory functions to adjudicate the disputed claims. The Supreme Court in …
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NCLAT sets aside Insolvency proceedings against Sarda Agro Oils
NCLAT set aside Insolvency proceeding of Sarda Agro Oils by stating reason that the claims were filed three years after declaring the account non- performing asset. This 3 judge- bench gave the …
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Cross-Border Insolvency: Why India should adopt the UNICTRAL Model Law
Cross-Border Insolvency refers to treatment of financially burdened debtors where the assets of the debtors are in more than one country or the creditors are in more than one country. It deals in …
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Insolvency and Bankruptcy Board of India(Online Delivery of Educational Course and Continuing Professional Education by Insolvency Professional Agencies and Registered Valuers Organisations)Guidelines, 2020
On July 10, 2020, The Insolvency and Bankruptcy Board of India (“IBBI”) released the IBBI (Online Delivery of Educational Course and Continuing Professional Education by Insolvency …
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Insolvency and Bankruptcy Board of India (Liquidation Process) (Third Amendment) Regulations, 2020
On August 5, 2020, the IBBI enacted the IBBI (Liquidation Process) (Third Amendment) Regulations, 2020 (“LP Amendment Regulations”). By virtue of the LP Amendment Regulations, a …
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Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Second Amendment) Regulations, 2020
On August 5, 2020, the IBBI enacted the IBBI (Voluntary Liquidation Process) (Second Amendment) Regulations, 2020 (“VLP Amendment Regulations”). The VLPAmendment Regulations substituted …
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Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2020
On August 7, 2020, the IBBI enacted the IBBI (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2020 (“CIRP Amendment Regulations”). The CIRP Amendment …
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Limit on the number of assignments for an Insolvency Professional
The Insolvency & Bankruptcy Board of India (IBBI) has proposed to impose a limit on the number of assignments to be handled by an Insolvency Professional (IP) at a certain point of time in a …
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IBBI lists out potential red flags to detect avoidance transactions
Pre-dominance of cash transactions, independence of directors, and frequent changes of auditors are among the potential red flags for insolvency professionals in detecting avoidance transactions …
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Plea against Insolvency code ordinance; Delhi High Court seeks Centre's stand
The Delhi High Court sought the Centre's reply on a plea challenging the Insolvency and Bankruptcy Code (IBC) Ordinance 2020 which suspended proceedings against defaults arising on or after March 25 …
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Reserve Bank of India Resolution Framework for COVID-19 Related Stress
The economic fallout owing to the COVID-19 pandemic has caused significant financial stress to borrowers. As a result, numerous firms may face risks relating to their viability, and it could also …
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Micro, Small and Medium Enterprises Sector (MSME) – Restructuring of Advances
On August 6, 2020, the RBI extended the scheme permitted under its ‘Micro, Small & Medium Enterprises (MSME) Sector – Restructuring of Advances’ circular dated February 11, 2020. …
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Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2020
Securities and Exchange Board of India (“SEBI”) on August 5, 2020, notified amendments to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) …
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Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2020
On July 1, 2020, the Securities and Exchange Board of India (“SEBI”) notified the SEBI (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2020. By virtue of the …
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Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2020
Securities and Exchange Board of India (“SEBI”) on July 1, 2020, notified amendments to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) …
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IMPACT OF COVID-19 ON INSOLVENCY RESOLUTION UNDER THE IBC ROUTE
The Indian insolvency landscape saw an encouraging shift to a creditor-in-possession regime in the year 2016 with the introduction of the Insolvency and Bankruptcy Code, 2016 (IBC). The core objective of IBC is to achieve time-bound insolvency …
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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