Blogs

Proposed Monetary Penalty Circular : A Matter of Perception, Uniformity and Clarity

The recent circular of the Insolvency and Bankruptcy Regulator (IBBI) on imposition of monetary penalties on the erring Insolvency Professionals has stirred the hornet’s nest. The IP fraternity is flustered
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CIRP Assignments For Insolvency Professionals Restricted to 10 Assignments with effect from 22nd July, 2021

Code of Conduct vaguely mentioned that insolvency professional should not accept too many assignments. The expression "too many assignments" was ambiguous. The Board has now clarified that CIRP assignments to be handled by an insolvency professional would be restricted to 10.
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Good News! Apex Court Holds Retired Bankers and Receiving Pension Eligible to be Appointed As Resolution Professional in CIRP

Appellate Tribunal’s judgment holding that an Insolvency Professional who was in service and getting pension from a financial creditor was disentitled to be a Resolution professional has been rejected by
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Analyzing Delhi High Court Order on Threshold Limit under IBC

When the Central Government increased the threshold limit with effect from 24th March, 2020, many speculative interpretations were doing the rounds. Here we have a ‘prima facie’ view of Hon’ble
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We Create, We Innovate, We Lead – They Follow Us

Tranzission is a leader in learning management in IBC space. We innovate, disseminate focussed learning and provide enriching experience to our participants. We created unique Master Classes for Insolvency Professionals
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Deciphering IBC Ordinance, 2020 – COVID Period Defaults cannot be a Trigger for Corporate Insolvency Resolution Process

Much awaited Ordinance suspending actionable sections of Corporate Insolvency Resolution Process was promulgated on 5th June, 2020.  Reasons for Promulgation of Ordinance COVID-19 Pandemic has created uncertainty and stress for business
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Creating ‘Safety Net’ for Insolvency Professionals

Creating ‘Safety Net’ for Insolvency Professionals Insolvency Professionals are bound by Code of Conduct notified by Insolvency and Bankruptcy Board of India (IBBI or Board). Besides the Code, the Insolvency
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THIRD AMENDMENT IN CIRP REGULATIONS – A CASE OF OVERSTEPPING BY IBBI

Since its introduction, the Insolvency and Bankruptcy Code, 2016 (Code) has ruffled feathers amongst the Indian corporate sector. Original Code has been amended few times and every amendment has been
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More Hits than Misses – Critical Analysis of India’s Insolvency & Bankruptcy Ordinance, 2018

Second Ordinance in Six Months The Indian Insolvency law is shedding its infancy sooner than expected. In a span of little over six months, the President has promulgated the second
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Multinational Network CA Firms Caught on the Wrong Foot

The Chartered Accountant Firms in India having a network, association and simply being a member of an Association of Global Chartered Accountancy Network are caught on the wrong foot. The
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