Insolvency Resolution Current Affairs, GK & News
Section 32A of Insolvency and Bankruptcy Code
The Supreme Court recently upheld the validity of Section 32 A of the Insolvency and Bankruptcy Code. Under its judgement, the apex court pronounced that the successful bidders for a corporate debtor will be immune from any investigations conducted by an investigating agency (like Enforcement Directorate or other statutory bodies such as SEBI) under the ..
Month: Current Affairs - January, 2021
Category: Legal & Constitution Current Affairs
Topics: IBC • Insolvency • Insolvency and Bankruptcy Code • Insolvency Resolution • Supreme court
Insolvency and Bankruptcy (Second Amendment) passed in Rajya Sabha
On September 19, 2020, the Rajya Sabha passed the Insolvency and Bankruptcy code (second Amendment) Bill 2020. According to the new amendment, fresh insolvency proceedings will not be started for the next six months considering Covid-19 pandemic. Why the suspension? Due to the covid-19 crisis the companies are facing disruptions. This has affected their interest payment ..
Month: Current Affairs - September, 2020
Category: Legal & Constitution Current Affairs
Topics: Companies Act • Insolvency • Insolvency and Bankruptcy Board of India • Insolvency Professional • Insolvency Resolution • Rajya Sabha • Reserve Bank of India • SARFESI act
UNCITRAL Model Law for Crossborder Insolvency Resolution
A committee set by the Ministry of Corporate Affairs has recommended the UNCITRAL model law for cross-border insolvency resolution. The committee makes the following recommendations for addressing the cross-border insolvency: Adopting the UNCITRAL or United Nations Commission on International Trade Laws on cross-border insolvency. The UNCITRAL model law envisages a balance between liquidation and reorganization ..
Topics: Crossborder Insolvency Resolution • IBC • Insolvency and Bankruptcy Code • Insolvency Resolution • International Trade • Ministry of Corporate Affairs • UNCITRAL model law • United Nations Commission on International Trade Laws • United Nations General Assembly