Question of law:Can proceedings be initiated under IBC with regard to a debt, the recovery of which has become time-barred?Existing provisions under IBC 2016:It..
Key amendments: T= Commencement of the CIRP and appointment of the IRP Regulation 6: The IRP has to do a PA within 3 days from the ICD date not from the date of..
Insolvency Commencement Date: 11 Aug 2017CIRP ends on: 07 Feb 2018AA vide its order dated 16 Jan 2018 extended the period of CIRP beyond 180 days for a further ..
The time prescribed for filing legal proceeding by or against Corporate Debtor is to be excluded for which an order of moratorium has been made
Applicability: It extends to the whole of India Key Definitions: �Administrator� means an Administrator appointed under sub-section (1) of section
BRIEF ABOUT THE INSOLVENCY LAW COMMITTEE (�IBC COMMITTEE�) The Insolvency Law Committee (�the Committee�) was constituted by the Ministr
Section 33 of the IBC sets out the various circumstances in which the adjudicating authority must pass an order directing liquidation of the corporate debtor: