Category: Insolvency

Hi! Welcome back to our updates on the Insolvency and Bankruptcy Code featuring developments during June 2022. The IBBI has amended the CIRP Regulations to expedite the corporate insolvency resolution process by requiring operational creditors to submit extracts of Form GSTR-1, Form GSTR-3B, e-way invoices along with their application under Section 9 of the Code. The amendment […]

Welcome back to our updates on the Insolvency and Bankruptcy Code, featuring developments in the month of May 2022. The Supreme Court (SC) has issued notice in a plea challenging the constitutional validity of provisions relating to insolvency of individuals recently.  The pandemic has negatively affected the recoveries by lenders, according to a report. It was also reported […]