Insolvency & Bankruptcy Code Current Affairs - 2020

IBBI amends Insolvency and Bankruptcy Board of India Regulations, 2017

The Insolvency and Bankruptcy board of India recently amended the Insolvency and Bankruptcy Board of India Regulations. This is the second amendment. The amendment has made major changes to the voluntary liquidation process. About the Amendment The amendment allows the corporate persons to replace the liquidator with another liquidator or insolvency professional to initiate voluntary Read More…

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 Uday Kotak. The new members include Crisil MD Ashu Suyash, former chief economist at NSE Read More…

Supreme Court Upholds Constitutional Validity of Insolvency & Bankruptcy Code

The Supreme Court has upheld the constitutional validity of the Insolvency & Bankruptcy Code. The petitioners had questioned the Insolvency & Bankruptcy Code based on the following grounds: The constitutional validity of IBC was questioned as a violation of Article 14 of the Constitution. The petitioners argued that IBC doesn’t make an intelligible differentiation in Read More…