Insolvency and Bankruptcy Board of India (Liquidation Process) (Third Amendment) Regulations, 2020

August 30, 2020 INSOL INDIA EDITORIAL TEAM

On August 5, 2020, the IBBI enacted the IBBI (Liquidation Process) (Third Amendment) Regulations, 2020 (“LP Amendment Regulations”). By virtue of the LP Amendment Regulations, a clarification is inserted after regulation 4(2)(b) of the IBBI (Liquidation Process) Regulations, 2016 (“LP..

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Insolvency and Bankruptcy Board of India(Online Delivery of Educational Course and Continuing Professional Education by Insolvency Professional Agencies and Registered Valuers Organisations)Guidelines, 2020

August 30, 2020 INSOL INDIA EDITORIAL TEAM

On July 10, 2020, The Insolvency and Bankruptcy Board of India (“IBBI”) released the IBBI (Online Delivery of Educational Course and Continuing Professional Education by Insolvency Professional Agencies and Registered Valuers Organisations) Guidelines 2020 (“IPA guidelines”). The IPA Guidelines have..

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Amendment in SEBI (Real Estate Investment Trusts) Regulations, 2014/ SEBI (Infrastructure Investment Trusts) Regulations, 2014

July 27, 2020 EDITORIAL TEAM - INSOL India

On 16 June 2020, SEBI notified amendments to the SEBI(Infrastructure Investment Trusts) Regulations, 2014 and the SEBI(Real Estate Investment Trusts) Regulations, 2014. The amendments, inter alia, allow for de-classification of persons and entities as sponsors andinduction of new sponsors while also..

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Amendment to the Takeover Regulations

July 27, 2020 EDITORIAL TEAM - INSOL India

The following amendments have been introduced by SEBI to the Takeover Regulations:   Regulation 3(2): Aproviso has been introduced in regulation 3(2) and is placedbefore the existing provisos with the new proviso reading as follows: “Provided that the acquisition beyond five percent but..

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Securities and Exchange Board of India (“SEBI”) eases norms for preferential issue by listed companies with stressed assets

July 27, 2020 EDITORIAL TEAM - INSOL India

SEBI has announced relaxations in the pricing methodology for preferential issues by listed companies having stressed assets and exempt allottees of preferential issues from open offer obligations in such cases, with immediate effect. The relaxations provided by SEBI are as..

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ALTERNATIVE REMEDIES FOR CREDITORS ON ACCOUNT OF SUSPENSION OF INITIATION OF CIRP UNDER THE IBC

July 27, 2020 EDITORIAL TEAM - INSOL India

During the period of suspension of initiation of CIRP under the IBC, creditors (both financial and operational) have the option of exercising substitute / alternate remedies (to the IBC) for recovery of the debts owed to them. Some alternative remedies..

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