The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2016. It is a part of Insolvency and Bankruptcy Act, 2016.
The amendment regulations enhance the discipline, transparency, and accountability in corporate insolvency proceedings:
A corporate debtor (CD) may have changed its name or registered office address prior to commencement of insolvency. The
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The government has appointed 31 people as judicial, technical and accountant members at the NCLT and the ITAT, amid the Supreme Court flagging concerns about vacancies in various tribunals.
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The National Company Law Tribunal (NCLT) deals with matters mainly related to companies law and the insolvency law, while th