Aug 132 minHarmonisation of Regulations for Housing Finance Companies (HFCs) and Non-Banking Finance Companies (NBFCs)The Reserve Bank of India (RBI) has issued a circular dated August 12, 2024, as part of the phased approach announced in the earlier...
Aug 122 minIBBI Introduces Valuation Report Identification Number (VRIN) System to Enhance Report Authenticity and Traceability [Read Circular Dt. 12.8.2024]On 12th August 2024, the Insolvency and Bankruptcy Board of India (IBBI) issued Circular No. IBBI/RV/75/2024, establishing a new protocol...
Aug 123 minNCLAT Observes that Further Consideration of the Appeal is Unnecessary Once the Liquidator Confirms the Payment and DistributionNCLAT observes that further consideration of the appeal is unnecessary once the Liquidator confirms the payment and distribution. The...
Aug 112 minEnforcement of Unconditional Performance Bank Guarantees During Insolvency Proceedings: Legal Principles and Judicial DeterminationsNCLAT held that the bank must honour an unconditional and irrevocable Performance Bank Guarantee irrespective of insolvency proceedings...
Aug 112 minGuidelines for Committee of Creditors under the Insolvency and Bankruptcy Code, 2016 [w.e.f. 6 August 2024]The recent introduction of the Guidelines for the Committee of Creditors (CoC) aims to enhance the efficiency, transparency, and...