Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
Limitation in oppression and mismanagement proceedings: prior knowledge of removal and dilution barred the challenge, with valuation directions upheld...
Insolvency professional agency governance rules amended to add nominee directors, tighten independent director eligibility, and regulate managing dire...
IBBI prescribed standard formats for the insolvency resolution process for personal guarantors to corporate debtors under the amended 2019 Regulations. The circular specifies Form A for an insolvency professional's written consent to act as resolution professional, including declarations on registration, disciplinary status, eligibility, disclosures, and concurrent processes; Form B for a creditor's proof of claim, covering claim details, supporting documents, disputes, set-off, security, repayment-plan banking details, and forfeiture election by secured creditors; and Form C for a proxy authorising attendance and voting at creditors' meetings. The enclosed forms are to be used in the process as notified through circular.
IBBI prescribed standard formats for the insolvency resolution process for personal guarantors to corporate debtors under the amended 2019 Regulations. The circular specifies Form A for an insolvency professional's written consent to act as resolution professional, including declarations on registration, disciplinary status, eligibility, disclosures, and concurrent processes; Form B for a creditor's proof of claim, covering claim details, supporting documents, disputes, set-off, security, repayment-plan banking details, and forfeiture election by secured creditors; and Form C for a proxy authorising attendance and voting at creditors' meetings. The enclosed forms are to be used in the process as notified through circular.
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