Tranzission Blogs
328articlesInsights and guides on tax, compliance, and business strategy from Tranzission.
Suspension of Registered Valuer: Unauthorized IBBI Logo Use
In an important disciplinary move[1], the Insolvency and Bankruptcy Board of India (IBBI) Suspension of Registered Valuer for a year. It was done to maintain integrity and adherence to professional standards. This decision followed multiple violations, including misleading declarations and unauthorized use of IBBI’s logo and name. Detailed Background of the Case The registered valuer […]
Read moreSuspension of Registered Valuer: Unauthorized IBBI Logo Use
In an important disciplinary move[1], the Insolvency and Bankruptcy Board of India (IBBI) Suspension of Registered Valuer for a year. It was done to maintain integrity and adherence to professional standards. This decision followed multiple violations, including misleading declarations and unauthorized use of IBBI’s logo and name. Detailed Background of the Case The registered valuer […]
Read more10 Key Considerations for Insolvency Professionals When Filing a Report Under Section 99 of the Code
When preparing reports under Section 99 of the IBC, Insolvency Professionals must adhere to crucial guidelines. These guidelines are critical to avoid significant compliance repercussions, recognizing the heavy responsibility vested in IPs by lawmakers. A thorough, factually complete report is necessary, as it not only aids the court and conserves judicial time but also underpins […]
Read more10 Key Considerations for Insolvency Professionals When Filing a Report Under Section 99 of the Code
When preparing reports under Section 99 of the IBC, Insolvency Professionals must adhere to crucial guidelines. These guidelines are critical to avoid significant compliance repercussions, recognizing the heavy responsibility vested in IPs by lawmakers. A thorough, factually complete report is necessary, as it not only aids the court and conserves judicial time but also underpins […]
Read moreEffective Management of Personal Insolvency
Do’s and Don’ts for Resolution Professionals Filing Application under Section 95 of IBC Do’s 1. Ensure Accurate and Complete Facts: a. Do state all facts correctly and based on documentary evidence when filing an application on behalf of any creditor under Section 95. b. Do take an undertaking from the creditor that no information has been withheld […]
Read moreEffective Management of Personal Insolvency
Do’s and Don’ts for Resolution Professionals Filing Application under Section 95 of IBC Do’s 1. Ensure Accurate and Complete Facts: a. Do state all facts correctly and based on documentary evidence when filing an application on behalf of any creditor under Section 95. b. Do take an undertaking from the creditor that no information has been withheld […]
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Essential Websites for Insolvency Professionals in India
Insolvency Professionals in India play a crucial role in resolving distressed assets and reviving financially troubled entities. Staying updated with the latest legal developments, regulatory changes, and industry best practices is essential for their success. Here is a comprehensive guide to the most important websites that IPs should visit regularly. 1. Insolvency and Bankruptcy Board […]
Read moreEssential Websites for Insolvency Professionals in India
Insolvency Professionals in India play a crucial role in resolving distressed assets and reviving financially troubled entities. Staying updated with the latest legal developments, regulatory changes, and industry best practices is essential for their success. Here is a comprehensive guide to the most important websites that IPs should visit regularly. 1. Insolvency and Bankruptcy Board […]
Read moreArbitration and Insolvency Proceedings: Interplay and Jurisdictional Boundaries
Background In a recent case before the Telangana High Court (decided on 27th June, 2024), two applications were filed under Section 11(6) of the Arbitration and Conciliation Act, 1996. The applicant sought the appointment of an arbitrator to resolve disputes arising from two agreements with the respondent: the Facilities Service Agreement and the Catering Service […]
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Arbitration and Insolvency Proceedings: Interplay and Jurisdictional Boundaries
Background In a recent case before the Telangana High Court (decided on 27th June, 2024), two applications were filed under Section 11(6) of the Arbitration and Conciliation Act, 1996. The applicant sought the appointment of an arbitrator to resolve disputes arising from two agreements with the respondent: the Facilities Service Agreement and the Catering Service […]
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Beyond a Uniform Solution: Detailed Analysis of IBBI’s CIRP Regulation Amendment Proposals – Part 2
Introduction The discussion paper, issued by the Insolvency and Bankruptcy Board of India (IBBI) on June 19, 2024, seeks comments on four proposed amendments to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. This article analyses IBBI’s second proposal to amend CIRP Regulations relating to the appointment of […]
Read moreBeyond a Uniform Solution: Detailed Analysis of IBBI’s CIRP Regulation Amendment Proposals – Part 2
Introduction The discussion paper, issued by the Insolvency and Bankruptcy Board of India (IBBI) on June 19, 2024, seeks comments on four proposed amendments to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. This article analyses IBBI’s second proposal to amend CIRP Regulations relating to the appointment of […]
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