Securities and Exchange Board of India
September 25, 2020 EDITORIAL TEAM INSOL India
SEBI, by its notification dated September 16, 2020, in exercise of powers conferred under section 11(1) of the SEBI Act, 1992, has permitted listing and trading of units of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) on recognized stock..
Read More
Insolvency and Bankruptcy (Application to Adjudicating Authority) (Amendment) Rules 2020
September 25, 2020 EDITORIAL TEAM INSOL India
In exercise of powers under section 239 read with sections 7,8,9 and 10 of the Insolvency and Bankruptcy Code 2016, the Central Government has amended the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules 2016, as per its notification dated..
Read More
IBC Amendment 2020
September 25, 2020 EDITORIAL TEAM INSOL India
The Insolvency and Bankruptcy Code Amendment (2020) has been passed by the Parliament and the Amendment Act/Code has substituted the ordinance promulgated earlier. One of the main objectives of the amendment was to protect the corporate debtors facing stress because of..
Read More
Bill to amend Bankruptcy Code tabled in Rajya Sabha
September 22, 2020 EDITORIAL BOARD INSOL INDIA
The IBC amendment bill was presented in the Rajya Sabha. The Bill seeks to amend the Code keeping in vew the hardship created by the Covid-19 pandemic. As per the Bill, the suspension of the code is initially for a period of..
Read More
Applicability of Section 18 of the Limitation Act to proceedings under IBC: Need for reconsideration
September 22, 2020 INSOL INDIA EDITORIAL TEAM
In a significant judgment, the Hon’ble Supreme Court recently held that Section 18 of the Limitation Act, 1963, is inapplicable to an application filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The Court held that if a financial creditor does not..
Read More
NCLAT set aside the order passed against Mittal Corporation Ltd.
September 18, 2020 EDITORIAL TEAM INSOL INDIA
The Hon'ble NCLAT set aside the order passed by the Adjudicating Authority (NCLT Mumbai Bench) and restored the insolvency petition (Corporate Insolvency Resolution) against Mittal Corporation Ltd.