Post by: Renu Suresh in Insolvency
Pre-Packaged Insolvency Process for MSME The Insolvency and Bankruptcy Board of India (IBBI) on April 04, 2021, has issued the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021. The ordinance will allow a pre-packaged insolvency resolution process for MSMEs. A pre-packaged…
Free Consent As per Section 13 of the Indian Contract Act 1872, 'Two or more persons are said to consent when they agree upon the same thing in the same sense'. When the concept of free consent cannot be established…
Post by: Sreeram Viswanath in Compliance Income Tax
Liability of Official Assignee A circular issued by the Central Board of Direct Taxes (CBDT) on the 28th of January, 2019, has provided clarifications on the status and liability of Official Assignees under the Income Tax Act. This article briefly…
Post by: Karthiga in Insolvency
Corporate Insolvency Resolution Process Insolvency of corporate persons deals with the insolvency of a corporate bodies like a private limited company or limited company. This section deals with insolvency resolution process of a corporate debtor is known as the corporate insolvency…
Post by: IndiaFilings in Insolvency
How to Become an Insolvency Professional To improve the process for insolvency resolution, the Insolvency and Bankruptcy Board of India was established on October 1, 2016 in accordance with the provisions of The Insolvency and Bankruptcy Code, 2016. The Insolvency and…