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Insolvency and Bankruptcy Board of India (board) passes order disallowing employee from registering as an insolvency professional

Background

The Board constituted under the chairmanship of Mr MS Sahoo has recently rejected an application for registration as an insolvency professional (IP) under regulation 7 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 (IP Regulations) through its first regulatory order.

Factual Matrix

India, Insolvency & Restructuring, Khaitan & Co, Conflict of interest, Board of directors, Code of conduct
Insolvency code: the national Company Law tribunal kickstarts business

Background

India, Insolvency & Restructuring, Litigation, Khaitan & Co, Liquidation
‘Merging’ into new territory - let’s ‘wind up’ the old and race on

Background

India, Company & Commercial, Corporate Finance/M&A, Insolvency & Restructuring, Litigation, Khaitan & Co, Liquidation, Ministry of Corporate Affairs
India steps into a new era for corporate rescue and insolvency

Background

India, Insolvency & Restructuring, Khaitan & Co, Companies Act 2013 (India)
Kick-starting the Bankruptcy Code: regulations governing insolvency professionals (IPs) and insolvency professional agencies (IPAs) notified

Background

India, Insolvency & Restructuring, Khaitan & Co, Board of directors, Accounting, Liquidation, Code of conduct