Central Government notifies 1 May 2018 as the effective date for enforcing Sections 227 to 229 of the Insolvency and Bankruptcy Code, 2016.

Central Government appoints Shri Gyaneshwar Kumar Singh, Joint Secretary, MCA, as ex-officio member of IBBI under section 189(1)(b) of the IBC, replacing Shri Amardeep S. Bhatia.

Government order constituting the Insolvency Law Committee to review implementation of the Insolvency and Bankruptcy Code, identify issues, and recommend improvements for efficient corporate insolvency resolution and liquidation processes.

In this case before the National Company Law Tribunal, Aditya Birla Finance Limited filed an application under Insolvency and Bankruptcy Code, 2016 Section 7 to initiate CIRP against Saket Infra Developers Pvt Ltd for default of about ₹8.18 crore; the Corporate Debtor argued that the petition was barred under Section 10A (COVID period), involved forum shopping (parallel SARFAESI/arbitration proceedings), and disputed the debt, but the Tribunal held that the actual default occurred post-restructuring in 2023 (NPA on 13.11.2023) and therefore fell outside the Section 10A protection window, confirmed the existence of financial debt and default, rejected defenses like MSME protection and forum shopping (noting IBC’s overriding effect), and accordingly admitted the petition, initiated CIRP, imposed moratorium under Section 14, appointed an IRP, and dismissed the interlocutory application as infructuous.

It has come to the notice of GSTN that certain taxpayers are facing difficulties in filing appeals on the GST portal against demand orders wherein the demand amount is reflected as "NIL," despite the existence of a dispute regarding tax liability. This situation generally arises in cases where the taxpayer has made payment of tax, interest, or penalty (fully or partially) at the stage of issuance of the Show Cause Notice (SCN), without admitting the liability, and the adjudicating authority has subsequently issued a demand order treating such payment as full discharge of the demand without explicitly determining and recording the liability.

One of the objectives of the Insolvency and Bankruptcy Code, 2016 (“the Code”) is the maximisation of value of assets of the corporate debtor (CD) in a time bound manner. Valuation of the CD serves as a critical input for evaluation of resolution plans and facilitates informed decision-making by stakeholders, including the committee of creditors, resolution applicants, and adjudicating authorities. Therefore, transparent, objective, and credible valuation of assets of the CD is fundamental to the effective functioning of the insolvency framework

The accelerated T+3 settlement cycle for public issues. It prescribes specific daily deadlines for application submission, UPI mandate reconciliation, fund transfers, and corporate actions to ensure shares are listed within three working days of issue closure.

The SEBI-mandated compensation framework for public issue failures.

Format of certificate to be submitted by SCSBs.

The essential UPI-related data fields for Application-Cum-Bidding and Revision forms. It details requirements for UPI IDs, mandate request parameters, and payment information necessary for processing retail investor bids through the UPI 2.0 interface.

The operational workflow for retail investors using UPI for ASBA. It details the sequence from bid entry on the exchange to mandate creation, fund blocking by the bank, and final allotment reconciliation.

The mandatory certification format for banks to qualify as Sponsor Banks in public issues. It outlines technical requirements, such as UPI 2.0 certification and system readiness for managing mandate requests and fund debits.

The mandatory format for Self Certified Syndicate Banks (SCSBs) to apply for the release of processing fees. It requires confirmation of fund unblocking and details regarding any compensation paid for investor grievances.

In the context of public issues, SEBI mandates distinct responsibilities for intermediaries to ensure investor protection.

The document specifies the mandatory format and instructions for Application-Cum-Bidding and Bid Revision forms in public issues. It details required fields like PAN, DP ID, and ASBA payment details, while providing structured templates for nodal officer submissions

The document outlines the four-step procedure for investors to submit ASBA applications through registered brokers. It details responsibilities for brokers, Stock Exchanges, and RTAs regarding bid uploading, fund blocking, and commission disbursement.

SEBI certification format for banks to become Self Certified Syndicate Banks (SCSBs) for implementing ASBA facilities.

Standardized SEBI reporting template for voluntary delisting of equity shares, detailing mandatory data fields, information sources, and submission timelines for pre-tendering and post-tendering stages.

Standardized SEBI reporting template for open offers under SAST Regulations, detailing mandatory data fields, information sources, and submission timelines for pre-tendering, tendering, and post-tendering stages.

Standardized SEBI reporting template for open market buy-backs, specifying mandatory data fields, information sources, and submission timelines for both the pre-issue and post-issue stages.