The Insolvency and Bankruptcy Board of India notifies regulations – Times of India

PUNE: The Insolvency and Bankruptcy Board of India (Board), in exercise of its powers conferred under Section 240 of the Insolvency and Bankruptcy Code, 2016 (Code), has notified the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The press statement issued by ministry of corporate affairs has stated that these regulations inter alia…

Norwich restaurant Just Lobsters closes after company goes into liquidation – Norfolk Eastern Daily Press

Just Lobsters on Tombland which has closed. Picture: Archant/Jessica Long Jessica Long A restaurant in one of Norwichs most iconic buildings has closed its doors after the company behind it went into liquidation. … Read the full article at: http://www.edp24.co.uk/business/norwich_restaurant_just_lobsters_closes_after_company_goes_into_liquidation_1_4817058

ICSI professionals to be enabled for `25000 crore stressed debt recovery: Mamta Binani – Millennium Post

Indias Debt market is bad and over Rs 25,000 crores that is blocked as Stressed Assets in the economy can be unlocked in five years with the ICSI training insolvency professionals through the ICSI Insolvency Professional Agency, Mamta Binani, President, Institute of Company Secretaries of India, said at a joint national conclave on Insolvency &…

Challenges in the Transition to the New Insolvency and Bankruptcy Code – The Wire

Share this: The manner in which the law is currently being implemented seems to focus more on expeditious operationalisation rather than effective implementation. The Bombay Stock Exchange (BSE) building is illuminated during a special muhurat trading session for Diwali, the festival of lights, in Mumbai, India, November 11, 2015. Credit: Shailesh Andrade/Reuters/Files The Insolvency and…

Company law tribunal formally takes over winding-up matters under Companies Act – Livemint

New Delhi: Beginning Thursday, the National Company Law Tribunal (NCLT) formally takes over winding-up matters under the Companies Act 2013. The government earlier notified that all pending proceedings and cases of reconstruction and winding-up will stand transferred to the NCLT from 15 November. It also notified rules empowering the NCLT to be the appropriate adjudicating…