The Insolvency and Bankruptcy Code (Second Amendment) Act, 2020

September 23, 2020 INSOL India - Editorial Team

On September 23, 2020, the IBC (Second Amendment) Act 2020 was notified, which in turn repealed the IBC (Amendment) Ordinance 2020. The amendment replicates the provisions of the ordinance, which had introduced section 10A to the IBC, providing for the..

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The Insolvency and Bankruptcy (Application to Adjudicating Authority) (Amendment) Rules, 2020

October 1, 2020 INSOL India - Editorial Team

The Insolvency and Bankruptcy (Application to Adjudication Authority) Rules, 2016 were amended vide notification dated September 24, 2020. Some of the key changes introduced by the amendment include: Key amendments: (a) When filing an application under section 7 or section 9 or..

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Individual Housing Loans – Rationalisation of Risk Weights

October 16, 2020 INSOL India - Editorial Team

The Reserve Bank of India by its notification dated October 16, 2020, has notified rationalisation of risk weights irrespective of the amount as a countercyclical measure. This will apply to all loans sanctioned with effect from October 16, 2020,, upto

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Filing Returns under Section 31 of the Banking Regulation Act

October 13, 2020 INSOL India - Editorial Team

The Reserve Bank of India vide its notification dated October 13, 2020, has notified that the period for furnishing returns under Section 31 of the Banking Regulation Act for the financial year ended on March 31, 2020, has been extended..

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Interst Subvention Schemd for MSMEs – Cooperative Banks

October 7, 2020 INSOL India - Editorial Team

On October 7, 2020, the Reserve Bank of India issued a notification modifying the operational guidelines for “Interest Subvention Scheme for MSMEs 2018.” The scheme provides an interest relief of two per cent per annum to the MSMEs subject to..

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Attached Assets and Resolution Plan

October 15, 2020 INSOL India - Editorial Team

The Adjudicating Authority while approving the paln directed that the entry of the Government of Maharashtra, added by Sugar Commissioner, be removed and that the attached assets can be utilised for resolution plan and consequently the said assets were made..

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