One-Liner IBC Updates/News:
• Supreme Court on Balance Sheet Entries as Acknowledgment under IBC
• Cross-Border Demergers in India in Light of the Sun Pharmaceuticals Judgement
• IBBI amends regulation on Model Bye-Laws and Governing Board of Insolvency Professional Agencies
• Application of withdrawal u/s 12A cannot be filed by a person other than applicant or his authorized agent
• The Need of Cross Border Insolvency Framework Under IBC – A Gap Filling
• Insolvency professional entity must inform within thirty days of cessation in board: IBBI
• Period after initiation of proceedings under SARFAESI Act till date of filing application under IBC to be excluded
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