Archive for month: January, 2018
Consultative meeting with stakeholders (Minutes of the meetings have been shared with the respective stakeholders)
/0 Comments/in Corporate Laws /by Vinod Kothari ConsultantsDecision of the Liquidator for First Interim Distribution
/0 Comments/in Uncategorized /by Vinod Kothari ConsultantsGrey Areas under CODS- 2018 & FAQs
/0 Comments/in Companies Act 2013, Corporate Laws, MCA /by Vinod Kothari ConsultantsResolution bids not to be degraded down by Liquidation Value: CIRP and Fast Track Regulations amended to maintain confidentiality
/0 Comments/in Insolvency and Bankruptcy /by Vinod Kothari ConsultantsVallari Dubey
The Insolvency and Bankruptcy Board of India (‘IBBI’) has, in exercise of its powers contained in Section 196 read with Section 240 of the Insolvency and Bankruptcy Code, 2016 (‘the Code’), amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (‘CIRP Regulations’)[1] and the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 (‘Fast Track Regulations’)[2] to make small but material changes with respect to two important things, a) Liquidation Value, and b) definition of ‘dissenting financial creditors’. We discuss the changes in further detail below: Read more →