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IBC - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

Resolution Process - exclusion of 35 days of delay in appointing ...

Insolvency and Bankruptcy

September 28, 2019

Resolution Process - exclusion of 35 days of delay in appointing the ‘Resolution Professional’ in place of the ‘Interim Resolution Professional’ and the period during which different applications were pending - period of 35 days and 18 days excluded for the purpose of counting 180 days or 270 days of ‘Resolution Process’

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  1. Filing of forms in the Registry (MCA-21) by the Insolvency Professional (Interim Resolution Professional (IRP) or Resolution Professional (RP) or Liquidator) appointed...

  2. Filing of forms in the Registry (MCA-21) by the Insolvency Professional (Interim Resolution Professional (IRP) or Resolution Professional (RP) or Liquidator) appointed...

  3. Inability on the part of Liquidator to take up the assignment - corporate insolvency resolution process (CIRP) - Interim Resolution Professional (IRP) - Penalty equal to...

  4. Information memorandum - Amendments in the Regulation no. 35 of the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate...

  5. CIRP - Calculation of the interest - admission of the claim by the Resolution Professional - The Adjudicating Authority directed to examine the exorbitantly high...

  6. Appointment of the same resolution professional - it is submitted that, the resolution professional is appointed by the creditor and no person can be a judge in on own...

  7. Resolution professional doesn’t require nod of shareholders/members for insolvency resolution

  8. Condonation of delay in filing appeal u/s 35(1) - The power to condone the delay conferred upon the Commissioner (Appeals) ends if the appeal is preferred after 30 days...

  9. Interim resolution professional (IRP) and / or resolution professional (RP) - contraventions of several provisions of the Insolvency and Bankruptcy Code, 2016 (Code),...

  10. CIRP - Delay in making claim - The case revolved around a Homebuyer's appeal regarding the delay in submitting their claim in an insolvency resolution process. Despite...

 

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