NCLT Approves Withdrawal of Insolvency Proceedings Against Nobility Estates After Settlement, ETLegalWorld

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NCLT allows withdrawal of insolvency proceedings against Nobility Estates New Delhi, The National Company Law Tribunal has allowed withdrawal of insolvency proceedings against Nobility Estates, developer of the luxury housing project ‘Le Grandiose‘ in Noida, following a settlement between financial creditors and the erstwhile management. The Delhi-based Principal bench allowed a section 12A application filed…

IBBI issues new guidelines to speed up appointment of insolvency professionals

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New Delhi: 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 panel of insolvency professionals (IPs) to act as Interim Resolution Professionals (IRPs), liquidators, resolution professionals (RPs) and bankruptcy trustees (BT).In a circular on Monday,…

IBBI issues new guidelines to speed up appointment of insolvency professionals

Liquidation

New Delhi: 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 panel of insolvency professionals (IPs) to act as Interim Resolution Professionals (IRPs), liquidators, resolution professionals (RPs) and bankruptcy trustees (BT). In a circular on Monday,…

IBBI rolls out new empanelment rules for insolvency professionals

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The Insolvency and Bankruptcy Board of India (IBBI) has introduced fresh guidelines for empanelment of insolvency professionals to streamline and speed up appointments in corporate insolvency and bankruptcy proceedings, PTI reported.The revised framework lays down procedures for preparing a panel of insolvency professionals (IPs) who can serve as Interim Resolution Professionals (IRPs), Resolution Professionals (RPs),…

IBC recovery crosses Rs 4.11 lakh crore, over 8,800 insolvency cases admitted

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More than 8,800 Corporate Insolvency Resolution Processes (CIRPs) had been admitted under the Insolvency and Bankruptcy Code (IBC) till December 2025, with creditors realising over Rs 4.11 lakh crore through approved resolution plans, Financial Services Secretary M Nagaraju said on Tuesday, PTI reported.More than 4,000 corporate debtors have also been rescued through resolution, settlements, withdrawals…

IBBI issues new guidelines to speed up appointment of insolvency professionals

Liquidation

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 panel of insolvency professionals (IPs) to act as Interim Resolution Professionals (IRPs), liquidators, resolution professionals (RPs) and bankruptcy trustees (BT). In a circular on Monday, applicants…