Regulation 33 (1) of the IBBI (Liquidation Process) Regulations, 2016 (Liquidation Regulations) provides that, “The liquidator shall ordinarily sell the assets of the corporate debtor through an auction in the manner specified in Schedule I.” Further, Clause (7) of Para 1 of…
Vide Circular dated 28.06.2024 the liquidators were directed to file forms relating to the voluntary liquidation latest by 30.09.2024. In this regard, representations have been received from the liquidators and Insolvency Professional Agencies for extending the date citing the technicalities and…
Vide Circular dated 28.06.2024 the liquidators were directed to file forms relating to the liquidation process latest by 30.09.2024. In this regard, representations have been received from the liquidators and Insolvency Professional Agencies for extending the date citing the technicalities and…
The Amendment Regulations provide for the appointment of an interim representative who will act as a representative for a class of creditors during the period when the application for appointment of the authorised representative is under consideration of the Adjudicating…
It has been decided to provide a Valuation Report Identification Number (VRIN) for each valuation conducted under the Code. Accordingly, an online module, in consultation with Registered Valuers Organisations, has been developed by IBBI. The module has been hosted on…
