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CBIC amends Special Procedure for Corporate Debtors under IBC

The Central Board of Indirect Taxes and Customs (CBIC) has amended the Special Procedure for Corporate Debtors under the Insolvency and Bankruptcy Code, 2016.    

Read more at-

https://www.taxscan.in/cbic-amends-special-procedure-for-corporate-debtors-under-ibc/56944/  

 

Government may introduce pre-packaged deals in IBC to mitigate COVID-19 delays

Concerns over delay in arriving at bankruptcy resolutions amid the covid-19 pandemic has prompted the government to examine regulations for a pre-packaged Insolvency and Bankruptcy Code (IBC) scheme, said two people aware of the development.

Read more at-

https://www.livemint.com/industry/banking/government-may-introduce-pre-packaged-deals-in-ibc-to-mitigate-covid-19-delays-11588766509723.html 

NCLT approves Ebix’s revival plan for Trimax IT Infrastructure

The dedicated bankruptcy court has approved the revival plan for Mumbai-based Trimax IT Infrastructure & Services from the local subsidiary of Nasdaq-listed Ebix Inc.    

Read more at-

https://economictimes.indiatimes.com/news/economy/infrastructure/nclt-approves-ebixs-revival-plan-for-trimax-it-infrastructure/articleshow/75582640.cms  

  

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