Entries by Staff Publication

MPC meeting – New type of PPI and more

finserv@vinodkothari.com The Statement on Developmental and Regulatory Policies[1] dated 05 December, 2019 has been issued by the RBI pursuant to the fifth bi-monthly Monetary Policy Committee meeting. Some quick updates and highlights of regulatory changes are given below – 1) Review of NBFC-P2P Directions- Aggregate Lender Limit and escrow accounts Current limit for borrowers and […]

Mandatory impleadment of MCA as a Respondent- Principal Bench issues direction to all NCLTs

-Megha Mittal (mittal@vinodkothari.com) In its recent order dated 22.11.2019, the Hon’ble National Company Law Tribunal, Principal Bench at New Delhi (“Principal Bench”), in the matter of Oriental Bank of Commerce v. Sikka Papers Ltd. & Ors.[1], has directed that the Ministry of Corporate Affairs (MCA) be made party to all applications filed under the Insolvency […]

Overview on IBC, 2016

Resolution Division (resolution@vinodkothari.com) Three years down the lane, the Insolvency and Bankruptcy Code, 2016 has been undoubtedly accredited worldwide for changing the dynamics of dealing with insolvency in India. In light of the developments, both judicial and technical, the Code, as it stands today is very different from what it was back in 2016; the […]