Insolvency
International Research Conference on Insolvency and Bankruptcy
The first two-day International Research Conference on Insolvency and Bankruptcy was recently organized in India. Who organized the conference? The conference was organized by the Insolvency and Bankruptcy Board of India (IBBI), jointly with the Indian Institute of Management Ahmedabad ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs - 2024
IBBI: Changes in Voluntary Liquidation Timeframe
The Insolvency and Bankruptcy Board of India (IBBI) has notified amendments to the regulations of the voluntary liquidation process, wherein the timelines including the distribution of proceeds from realization have been reduced so that a faster exit for firms can ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs - 2024
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 ..
Month: Current Affairs - January, 2021
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? ..
Month: Current Affairs - September, 2020
Advisory Panel on Insolvency and Bankruptcy Board of India (IBBI) reconstituted
The Government of India recently reconstituted the advisory panel on corporate insolvency resolution and liquidation process. Highlights The IBBI recently reconstituted advisory panel by inducting four members. The committee was constituted in 2017 and is chaired by a noted banker ..
Month: Current Affairs - June, 2020
CII sets up COVID-19 Rehabilitation and Relief Fund
The Confederation of Indian Industries has set up funds to assist rehabilitation of micro, small and medium enterprises. The fund is to be raised from the members of the confederation. Highlights The MSMEs are the most affected sectors due to ..