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IBBI’s Circular on Liquidator’s Fee: Clarification or Camouflage?
We explore IBBI’s clarifications on the computation of liquidator’s fee and the recent judgment which struck down two of the clarifications.
April 30, 2024
We explore IBBI’s clarifications on the computation of liquidator’s fee and the recent judgment which struck down two of the clarifications.
The Insolvency and Bankruptcy Board of India has brought in certain amendments to streamline and optimise the insolvency resolution process.
The changes introduced by the IBBI are significant in so far as they create a check and balance on critical areas of the liquidation process.
IBBI’s new measures seek to pave the way for the efficient conduct of processes by IPs and facilitate IPEs to undertake activities of an IP.
In this article, we elaborate on the 16 proposals presented by the IBBI in its discussion paper, to strengthen the liquidation process.
Read an analysis of the issue surrounding the distribution of proceeds in liquidation from the sale of assets under Section 53 of the IBC.
On 5th April 2022, the IBBI introduced the Voluntary Liquidation Process (Amendment) Regulations, 2022. Read more.