Entries by Team Resolution

Clog on redemption of mortgage after publication of sale notice – SC reiterates word of law u/s 13(8)

October 11, 2023 /1 Comment/in , /by

– Team Resolution | resolution@vinodkothari.com Introduction The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 ( ‘SARFAESI Act’) provides methods that can be undertaken by a secured creditor to recover its dues in case of a default. Section 13 of the SARFAESI Act being an important section contains provisions relating […]

CIRP (Second Amendment Regulations), 2023 – A snapshot

September 25, 2023 /0 Comments/in , /by

– Team Resolution | resolution@vinodkothari.com The Insolvency and Bankruptcy Board of India (IBBI), has, vide notification dated 18th September, 2023 introduced the IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2023 (‘CIRP Amendment Regulations’/ ‘Amendment Regulations’) effective from 18th September, 2023, so as to further streamline the insolvency resolution process.  The amendments (discussed […]

Comments on the MCA Discussion Paper on changes being considered to IBC, 2016

February 7, 2023 /0 Comments/in , /by

– Team Resolution, Vinod Kothari and Company | resolution@vinodkothari.com The Ministry of Corporate Affairs (‘MCA’) issued a Discussion Paper on 18th January, 2023 on changes being considered to the Insolvency and Bankruptcy Code, 2016 (‘Discussion Paper’). Since the very inception of the Insolvency and Bankruptcy Code, 2016 (‘IBC’), it has undergone six amendments besides, several […]