Insolvency and Bankruptcy Code 2016

New Amendments in IBBI Regulations

June 16, 2022

On June 15, 2022, The Insolvency Bankruptcy Board of India (IBBI) amended insolvency regulations. What are the amendments? The amended insolvency regulations now require creditors to file information on assets and liabilities of their corporate debtors, as well as other ..

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Insolvency and Bankruptcy Code (Amendment) Bill, 2021

August 4, 2021

Parliament passed Insolvency and Bankruptcy Code (Amendment) Bill, 2021, on August 3, 2021 after Rajya Sabha approved the bill amidst the protest. Highlights Bill was passed by Lok Sabha on July 28, 2021 and introduced in the Lower House on ..

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Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill 2021

July 29, 2021

On 28th July, 2021, Lok Sabha has passed the Insolvency and Bankruptcy Code (Amendment) Bill 2021. This Bill replaces the Insolvency and Bankruptcy Code (Amendment) Ordinance 2021 which was implemented on 4th April, 2021. Key Points Insolvency is a situation ..

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Cabinet approves Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019

December 12, 2019

Union Cabinet has approved certain amendments in Insolvency and Bankruptcy Code, 2016 (code), through Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019. The amendments aim to remove certain difficulties being faced during insolvency resolution process to realise objects of code, ..

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IBBI tightens norms governing resolution professionals (RPs)

July 26, 2019

Insolvency and Bankruptcy Board of India (IBBI) has tightened norms that governs resolution professionals (RPs), wherein they would be barred from having employment when they are in possession of authorisation to take up work under insolvency law. Also, restrictions will ..

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Wilful Defaulters in Nationalised Banks up by 60% in 5 years: Govt

June 25, 2019

As per a written reply given by Union Finance Minister Smt. Nirmala Sitharaman in Lok Sabha, the number of wilful defaulters in nationalised banks has increased by more than 60% to 8,582 in five years to March 2019. Key Highlights ..

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