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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 26, Issue JULY | Jul 27, 2020
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In this edition
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Articles
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Corporate Insolvency Resolution Process: Statutory Mechanisms for Termination |
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Regulation Making Power of IBBI : An Analysis |
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News
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Insolvency and Bankruptcy (Amendment) Ordinance, 2020 dated 5 June 2020 |
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NCLT makes filing record of default with an information utility mandatory |
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IBBI seeks public comments on existing regulations |
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The Goods & Services Tax Network (“GSTN”)enables new registration functionality for Insolvency Resolution Professionals |
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ALTERNATIVE REMEDIES FOR CREDITORS ON ACCOUNT OF SUSPENSION OF INITIATION OF CIRP UNDER THE IBC |
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Securities and Exchange Board of India (“SEBI”) eases norms for preferential issue by listed companies with stressed assets |
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Amendment to the Takeover Regulations |
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Amendment in SEBI (Real Estate Investment Trusts) Regulations, 2014/ SEBI (Infrastructure Investment Trusts) Regulations, 2014 |
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Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2020 dated 30 June 2020 |
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Insolvency and Bankruptcy (Amendment) Ordinance, 2020 dated 5 June 2020
In light of the COVID-19 pandemic which has adversely impacted businesses, financial markets and economies all over the world, including India, creating uncertainty and stress for businesses …
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NCLT makes filing record of default with an information utility mandatory
The NCLT, vide an order dated 12 May 2020, directed that any new insolvency application filed by a financial creditor under section 7 of the Insolvency & Bankruptcy Code, 2016 (“IBC”) …
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IBBI seeks public comments on existing regulations
Continuing its efforts to ensure an updated and functionalregulatory framework conducive for stakeholders, the IBBI has sought comments from the public on the existing regulations under the IBC. The …
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The Goods & Services Tax Network (“GSTN”)enables new registration functionality for Insolvency Resolution Professionals
The Central Board of Excise & Customs (“CBIC”) had directed, videnotificationdated 23 March 2020, that corporate debtors shall be liable to obtain a new registration under the GST regime …
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ALTERNATIVE REMEDIES FOR CREDITORS ON ACCOUNT OF SUSPENSION OF INITIATION OF CIRP UNDER THE IBC
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 …
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Securities and Exchange Board of India (“SEBI”) eases norms for preferential issue by listed companies with stressed assets
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 …
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Amendment to the Takeover Regulations
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 …
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Amendment in SEBI (Real Estate Investment Trusts) Regulations, 2014/ SEBI (Infrastructure Investment Trusts) Regulations, 2014
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, …
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Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2020 dated 30 June 2020
This amendment substituted the erstwhile Regulation 12(1)(a) ofthe Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016, with the following clause, namely:
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Corporate Insolvency Resolution Process: Statutory Mechanisms for Termination
Publisher : Sandeep Bajaj, Managing Partner and Aakanksha Nehra, Associate Partner, PSL Advocates and Solicitors
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→
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Regulation Making Power of IBBI : An Analysis
Publisher - Sandeep Bajaj, Managing Partner, Aakanksha Nehra, Associate Partner and Devansh Jain, Senior Associate, PSL Advocates and Solicitors
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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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