The Insolvency and Bankruptcy Board of India (IBBI) amends the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 

July 13, 2018 INSOL India Editorial Team

The Insolvency and Bankruptcy Board of India (“IBBI”) amends the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016: The IBBI has amended the IBBI (Insolvency Process for Corporate Person) Regulations, 2016 vide notification dated July 3, 2018 and introduced the..

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Order of National Company Law Tribunal (“NCLAT”) in the matter of State Bank of India vs. D.S. Rajendra Kumar & Ors. dated April 18, 2018

May 3, 2018

The State Bank of India (“SBI”) had filed an insolvency petition in the Chennai bench of the National Company Law Tribunal (“NCLT”) for the recovery of financial credit (“Loan”) extended to M/s Brilliant Alloys Private Limited (“Corporate Debtor”). The NCLT..

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Order of Kolkata Bench of the National Company Law Tribunal (“NCLT”) in the matter of State Bank of India vs. Electrosteel Steels Limited dated April 17, 2018

May 3, 2018

Renaissance Steel India Private Limited (“RSIPL”) had objected to the resolution plan of Vedanta Limited (“Vedanta”) in the corporate insolvency resolution of Electrosteel Steels Limited (“Corporate Debtor”), which has been approved by the committee of the creditors of the Corporate..

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Discussion paper by the Insolvency and Bankruptcy Board of India (“IBBI”) on monitoring of the performance of insolvency professional under the Insolvency Bankruptcy Code, 2016 (“IBC”) and the regulations made thereunder

May 3, 2018

The IBBI has released a discussion paper on April 27, 2018 on the monitoring of the performance of insolvency professionals under the IBC and the regulations made thereunder. The IBBI has invited suggestions and comments on the issues discussed in the..

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INSOL India conducted a seminar on "Business Restructuring-Evolving Legal Issues and Imperatives"

May 3, 2018

INSOL India along with the PHD Chamber of Commerce & Industry, New Delhi, conducted a Seminar on“Business Restructuring -Evolving Legal Issues and Imperatives” which was held on Saturday, 21stApril 2018. The seminar focused various issues including the laws relation to (a)..

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The National Company Law Tribunal (“NCLT”) asks the creditors of Bhushan Power and Steel Limited (“BPSL”) to consider Liberty House bid

May 3, 2018

The NCLT, on April 23, 2018, had asked the creditors of Bhushan Power & Steel, to consider the bid submitted by UK-based Liberty House for the debt-ridden company. Allowing the plea of Liberty House, the NCLT has directed the committee of..

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