Tags » IBC

What the First List is worth?

We had covered in our earlier updates the fact that 12 entities were sent to NCLT facing IBC proceedings as the first list of defaulters and that now the second list of defaulters are also being taken to NCLT. 180 more words

Corporate News

Relaxing MAT for companies under IBC

In order to minimize hardship faced by companies admitted for resolution under the IBC, it has been proposed that the amount of total loss brought forward including unabsorbed depreciation shall be allowed to be reduced from the book profit for the purpose of the levy of MAT under Section 115JB of the Income Tax Act, 1961. 11 more words

IBC

Insolvency and Bankruptcy Code (Amendment) Bill, 2017

Insolvency and Bankruptcy Code (Amendment) Bill, 2017

The Insolvency and Bankruptcy Code (Amendment) Bill, 2017 introduced in Lok Sabha, seeks to replace the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017. 111 more words

IBC

Amendments to IBC Regulations

The Insolvency and Bankruptcy Board of India (IBBI) has amended (i) the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, and (ii) the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 on 31st December, 2017. 332 more words

IBC

Companies act new amendments impacting IBC

The Central Government notified the Companies (Amendment) Act, 2017 (Amendment Act) on 3rd January, 2018. The provisions of this Amendment Act shall come into force on the date or dates as the Central Government may appoint by notification(s) in the Official Gazette. 278 more words

Updates

BAWLS Guarana Root Beer

I drank this particular root beer a few days ago. I remember not being very impressed with this one. Not very memorable. I was interested in the guarana aspect. 198 more words

Insolvency professional not to outsource his responsibilities

Insolvency and Bankruptcy Board of India (IBBI) has issued circular No. IP/003/2018 dated 3rd January, 2018 for Insolvency professional not to outsource his responsibilities. The Insolvency and Bankruptcy Code, 2016 (Code) read with regulations made thereunder cast specific duties and responsibilities on an insolvency professional. 241 more words

Updates