Understanding the IBBI (Voluntary Liquidation) Regulations, 2017: A Simplified Overview
Voluntary liquidation is an important mechanism that allows solvent corporate entities to wind up operations in an orderly, transparent, and efficient manner. The IBBI (Voluntary Liquidation) Regulations, 2017 (Regulations) , provide a structured framework to
Understanding the Legal Provisions Governing Pre-Packaged Insolvency Resolution Process (PPIRP)
The Pre-Packaged Insolvency Resolution Process (PPIRP) under the Insolvency and Bankruptcy Code (IBC), 2016, provides a streamlined framework for resolving insolvency, particularly for Micro, Small, and Medium Enterprises (MSMEs). This article explains the key sections
Interest-Free Security Deposit in Lease Agreements: Operational Debt or Not?
Corob India Pvt Ltd v. Mr. Birendra Kumar Agrawal & Anr.[1] Introduction: The Hon’ble NCLAT in a significant ruling, addressed the issue that has taken place recently which revolves around the matter of Corob India Pvt.
Revolutionizing Liquidation: IBBI’s Centralized eBKray Platform to Boost Transparency and Recovery in India’s Liquidation Process
Introduction The Insolvency and Bankruptcy Board of India (IBBI) recently issued a circular aimed at overhauling the asset sale process within the Indian liquidation framework. Announced on October 29, 2024, this circular mandates the centralized
Collective action by all financial creditors not a prerequisite to file an application under Section 95 of the I&B code
Dheeraj Wadhawan v. Union Bank of India & Anr.[1] NCLAT, Principal Bench, New Delhi Introduction and Facts of the Case The present case, which was decided by the National Company Law Appellate Tribunal (NCLAT) on
Insights on the Proposed Amendments on MSME Registration and Disclosure under CIRP
The Insolvency and Bankruptcy Board of India (IBBI) released a discussion paper on 23rd August, 2024, seeking comments on proposed changes to the Regulation 36 of CIRP Regulations. We have summarized our views and recommendations
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