To expedite voluntary liquidations, this IBBI circular clarifies that Insolvency Professionals are not required to seek a 'No Objection Certificate' (NOC) or 'No Dues Certificate' (NDC) from the Income Tax Department, saving substantial time in the process.

Directions for obtaining International Securities Identification Numbers (ISINs) from a recognised depository in IFSC

Support for Alternative Trade Instruments under Export Promotion Mission (EPM) – NIRYAT PROTSAHAN

IN THE MATTER OF: Shakuntla Devi Kulshrestha Versus Sunil Kumar Aggarwal Resolution Professional & Anr.

SANJAY PALIWAL AND ANOTHER VERSUS BHARAT HEAVY ELECTRICALS LTD. THROUGH ITS EXECUTIVE DIRECTOR

ANKHIM HOLDINGS PVT. LTD. & ANR. VERSUS ZAVERI CONSTRUCTION PVT. LTD

B. PRASHANTH HEGDE VERSUS STATE BANK OF INDIA & ANR.

STATE BANK OF INDIA UNION OF INDIA & ORS

Omkara Assets Reconstruction Private Limited. Versus Amit Chaturvedi and Ors.

In the matter of ICICI Bank Limited & Ors. vs. Era Infrastructure (India) Limited & Ors. [Civil Appeal No. 6094 of 2019]

TORRENT POWER LTD. VERSUS ASHISH ARJUNKUMAR RATHI & OTHERS

This IBBI circular mandates liquidators to upload public notices for all liquidation asset auctions onto the designated IBBI electronic platform. The upload must occur on the exact same day the notice is published in newspapers, effective October 1, 2021.

To ensure uniformity, this IBBI circular directs Insolvency Professional Agencies (IPAs) to amend their Bye-laws. They must establish a graduated structure of minimum and maximum monetary penalties that their Disciplinary Committees can impose on members for professional contraventions.

This IBBI circular mandates Resolution Professionals to file Form CIRP 8 electronically by the 140th day of insolvency commencement, detailing their determination on avoidance transactions. It applies to all CIRPs ongoing or commencing on or after July 14, 2021.

This IBBI circular clarifies that CoC members with at least 33% voting rights can mandate the Resolution Professional to convene a meeting or add agenda items. Requests from members with under 33% are subject to the RP's merit-based discretion.

Commission approves proposed acquisition of certain additional shareholding in Roppen Transportation Services Private Limited by MIH Investments One B.V.

Commission approves acquisition by ChrysCapital Fund X, Two Infinity Partners and Blue wave Investments Limited, collectively, of certain equity share capital in Nash Industries (I) Private Limited

Commission approves acquisition of 50.01% equity share capital of Thriveni Pellets Private Limited by Tata Steel Limited

Commission approves the proposed combination between Bhushan Power and Steel Limited (BPSL), JSW Sambalpur Steel Limited (JSW Sambalpur), JFE Steel Corporation (JFE) and JSW Kalinga Steel Limited (JSW Kalinga).

CCI approves the proposed acquisition of certain shareholding in RBL Bank Limited by Emirates NBD Bank (P.J.S.C.)