IBC Updates

 “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

1. Bank of India puts NPAs worth Rs 10,700 crore on sale, five accounts on RBI

1.  Insolvency and Bankruptcy Board of India (Mechanism for Issuing Regulations) Regulations, 2018 Source: https://ibbi.gov.in/webadmin/pdf/legalframwork/2018/Oct/Mechanism%20for%20issuing%20regulations%20October%20after%20Board%20meeting%20final_2018-10-22%2020:44:57.pdf 2. 

1.  Valuation under the Insolvency and Bankruptcy Code, 2016 Source : https://ibbi.gov.in/webadmin/pdf/legalframwork/2018/Oct/17th%20October,%202018%20Circular%20-%20Valuation%20under%20the%20Insolvency%20and%20Bankruptcy%20Code,%202016_2018-10-17%2012:38:49.pdf

1. Operational creditors get their due, but IBC slows Link : https://www.financialexpress.com/opinion/operational-creditors-get-their-due-but-ibc-slows/1346264/ 2. Are government and RBI finally seeing

1.  Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2018 Link : http://ibbi.gov.in/webadmin/pdf/legalframwork/2018/Oct/IP%20Reg%20Amendment%2011-10-18%20at%2011.00AM_2018-10-11%2020:20:22.pdf

India: Effect Of The IBBI (Insolvency Resolution Process For Corporate Persons) (Fourth Amendment) Regulations, 2018