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INSOL India is an independent leadership body representing practitioners and other associated professionals specialising in the fields of restructuring, insolvency and turnaround. It is an association with an architecture that facilitates key stakeholders to come together and share experiences while preserving their independence. |
Welcome to INSOL India Newsletter Volume 23, Issue FEBRUARY | Feb 18, 2020
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In this edition
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Articles
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Insolvency Bankruptcy Code - by Prof. Pryor C. Scott |
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News
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The IBC amended vide the Insolvency and Bankruptcy (Amendment) Act, 2019 |
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The Insolvency and Bankruptcy Board of India (“IBBI”) introduces amendments to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (“CIRP Regulations”) |
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The Insolvency and Bankruptcy Board of India (“IBBI”) introduces amendments to the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (“Liquidation Regulations”) |
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Supreme Court of India upholds the constitutional validity of the amendment to the IBC which deems allottees as financial creditors |
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The National Company Law Appellate Tribunal permits promoters of Sterling Biotech (undergoing its liquidation) to take back control |
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The National Company Law Tribunal gives final approval to Patanjali’s bid for Ruchi Soya Industries Limited |
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The National Company Law Tribunal approves JSW Steel’s bid for Bhushan Power and Steel Limited |
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The National Company Law Appellate Tribunal permits the committee of creditors to guide the resolution professional of Jet Airways India Limited to discharge his duties in relation to foreign creditors |
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MCA and CERSAI have been notified as ‘repositories’ under Regulation 21 of the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017. |
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Minister of State for Finance, Anurag Thakur, urges banks to not use IBC for every stressed asset |
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The IBC amended vide the Insolvency and Bankruptcy (Amendment) Act, 2019
The President of India on August 05, 2019 assented to the Insolvency and Bankruptcy (Amendment) Act, 2019 (“Amendment Act”). The Amendment Act was brought in force with an aim to ensure …
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The Insolvency and Bankruptcy Board of India (“IBBI”) introduces amendments to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (“CIRP Regulations”)
The IBBI has introduced certain amendments to the CIRP Regulations vide the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) …
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The Insolvency and Bankruptcy Board of India (“IBBI”) introduces amendments to the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (“Liquidation Regulations”)
The IBBI has introduced certain amendments to the Liquidation Regulations vide the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) …
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Supreme Court of India upholds the constitutional validity of the amendment to the IBC which deems allottees as financial creditors
The Supreme Court of India (“SC”) in the case of Pioneer Urban Land and Infrastructure Limited and Anr. vs. Union of India and Ors upheld the constitutional validity of the Insolvency …
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The National Company Law Appellate Tribunal permits promoters of Sterling Biotech (undergoing its liquidation) to take back control
Vide its order dated August 28, 2019, the National Company Law Appellate Tribunal (“NCLAT”) passed a conditional order permitting the promoters of Sterling Biotech Limited …
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The National Company Law Tribunal gives final approval to Patanjali’s bid for Ruchi Soya Industries Limited
The Mumbai Bench of the National Company Law Tribunal (“NCLT”), vide its order dated September 04, 2019, approved the resolution plan submitted by Patanjali Ayurved Limited …
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The National Company Law Tribunal approves JSW Steel’s bid for Bhushan Power and Steel Limited
The Principal Bench of the National Company Law Tribunal (“NCLT”), vide its order dated September 05, 2019, approved the resolution plan submitted by JSW Steel Limited (“JSW”) …
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The National Company Law Appellate Tribunal permits the committee of creditors to guide the resolution professional of Jet Airways India Limited to discharge his duties in relation to foreign creditors
Two separate corporate insolvency resolution process (“CIRPs”) proceedings have been initiated against Jet Airways (India) Limited (“Jet”), one in India where the registered …
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MCA and CERSAI have been notified as ‘repositories’ under Regulation 21 of the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017.
IBBI pursuant to its circular dated 7th September, 2019, has approved MCA 21 and CERSAI database as repositories under Regulation 21 of the Insolvency and Bankruptcy Board of India (Information …
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Minister of State for Finance, Anurag Thakur, urges banks to not use IBC for every stressed asset
Mr Anurag Thakur, MoS for Finance, addressing the annual general meeting of the IBA said that the banks and financial institutions should first attempt to resolve the stressed assets outside IBC …
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Insolvency Bankruptcy Code - by Prof. Pryor C. Scott
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→
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E-Newsletter Editorial Board
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Founder & Managing Partner, Equilex
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Partner, Shardul Amarchand Mangaldas
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Partner, PwC India
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Partner, Dentons Link Legal
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Senior Partner with DSK Legal
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Managing Associate, Chandhiok & Mahajan
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Assistant Professor - Faculty of Law, University of Delhi
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Disclaimer
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INSOL India is a society registered under the provisions of Societies Registration Act XXI of 1860. A certificate to this effect was issued by the Registrar of Societies, Government of National Capital Territory of Delhi on 11th January 2000.
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The formation of INSOL India fulfilled the long cherished desire of the members of the legal fraternity, chartered accountants, company secretaries and other persons, bodies and institutions in India, to have an association to promote closer co-operation, exchange of ideas, dissemination of information and an empathetic understanding of law of insolvency and related laws.
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contact@insolindia.com
www.insolindia.com