IBBI Guidelines: Faster IP Appointments: Rediff Moneynews

IBBI issues new guidelines for faster appointment of insolvency professionals in corporate insolvency cases. Learn about the new norms and eligibility. New Delhi, May 19 (PTI) IBBI has issued fresh guidelines for the empanelment of insolvency professionals to enable quick appointments in corporate insolvency and bankruptcy cases. These guidelines provide the procedure for preparing a…

ED Searches: ED Conducts Raids at 17 Locations in Corporate Insolvency Case, ETLegalWorld

ED searches at 17 locations in corporate insolvency process case Mumbai, The Enforcement Directorate on Tuesday conducted searches in Maharashtra and Delhi as part of a money laundering investigation into alleged irregularities related to a corporate insolvency resolution process, officials said. They said a total of 17 locations related to Suraksha Asset Reconstruction Company Ltd…

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Contracting out: Can English liquidators limit their liability? | United Kingdom | Global law firm

Introduction The English High Court has handed down two important decisions for insolvency practitioners looking to contractually limit their liability – as well as for shareholders looking to pursue a claim against an office-holder. The cases concern members’ voluntary liquidations (MVLs), which are a form of solvent liquidation but where the liquidation can be converted…

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