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IBBI amends Insolvency rules to improve transparency

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

NCLT, ITAT get new members

Click here to read about Insolvency and Bankruptcy Act and National Company Law Tribunal (NCLT) vs NCLAT. 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. Click here to read about the Administrative tribunals in India. The National Company Law Tribunal (NCLT) deals with matters mainly related to companies law and the insolvency law, while th

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