Pre-Packaged Insolvency Process for MSME

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

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…

Liability of Official Assignee

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…

Corporate Insolvency Resolution Process

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…

How to Become an Insolvency Professional

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…