Maintainability of a Section 7 insolvency petition against a financial service provider denied; appeal dismissed for non maintainability and complex d...
Provisional attachment under Prevention of Money Laundering Act requires exhaustion of statutory remedies; impugned order set aside, appeal to tribuna...
Restoration of property under Prevention of Money Laundering Act after attachment dispute rendered academic; possession directed to successful resolut...
Goods Transport Agency services via e commerce portals: consignment note creates custody and liability and enables exemption for unregistered recipien...
The Insolvency and Bankruptcy Board of India has amended the corporate insolvency resolution regulations to provide that, for a corporate debtor classified as an MSME, the resolution professional shall appoint one set of registered valuers unless the committee records reasons in writing to appoint two sets. The amendment applies on publication in the Official Gazette and narrows the default valuation requirement for MSME resolution processes while preserving committee discretion to require additional valuation support.
The Insolvency and Bankruptcy Board of India has amended the corporate insolvency resolution regulations to provide that, for a corporate debtor classified as an MSME, the resolution professional shall appoint one set of registered valuers unless the committee records reasons in writing to appoint two sets. The amendment applies on publication in the Official Gazette and narrows the default valuation requirement for MSME resolution processes while preserving committee discretion to require additional valuation support.
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