IBC Updates

1.  Invitation of Expression of Interest from Prospective Eligible Institutions for Conducting Graduate Insolvency Programme

Consulate General of India New York Conference on Insolvency and Bankruptcy Code- A New Paradigm

Insolvency Professionals to act as Interim Resolution Professionals and Liquidators (Recommendation) (Second) Guidelines, 2018 Link

1.  IBBI invites Suggestions and Comments on Draft Specimen: a. Information Memorandum b. Evaluation Matrix

1. Delays beyond 270 days at NCLT cost banks Rs 4,000 cr in Link : https://www.business-standard.com/article/pti-stories/delays-beyond-270-days-at-nclt-cost-banks-rs-4-000-cr-in-118111201456_1.html 2. Duff

The Companies (Registered Valuers and Valuation) Fourth Amendment Rules, 2018. Link : https://ibbi.gov.in/webadmin/pdf/legalframwork/2018/Nov/The%20Companies%20(Registered%20Valuers%20and%20Valuation)%20Fourth%20Amendment%20Rules,2018%20Historical%20Gazette_2018-11-16%2013:06:52.pdf

 “Guidelines For Empanelment Of Advocates” under IBC dated 1st November, 2018. Link: https://ibbi.gov.in/webadmin/pdf/legalframwork/2018/Nov/Empanelment%20guidlines_2018-11-01%2018:49:03.pdf

1. Tata Steel charges Bhushan Power lenders with violation of NCLAT order   Link : https://www.livemint.com/Companies/64YmGQrin3O7ZN24Rd5vHM/Tata-Steel-claims-Bhushan-Power-lenders-and-JSW-violated-NCL.html    

Essar Steel: Ruias may go to court on offer by ArcelorMittal Link : https://www.financialexpress.com/industry/essar-steel-ruias-may-go-to-court-on-offer-by-arcelormittal/1366071/ Jaitley to chair

1. NPA crisis in banking sector an opportunity for bond market development: SEBI chairman Ajay Tyagi