IBBI Updates {Insolvency and Bankruptcy Board of India}
- Important Notifications and Circulars Tracker (April, 2021)
| Notification(s) | Link(s) |
| IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Second Amendment) Regulations, 2021 | |
| IBBI (Insolvency Professionals) (Amendment) Regulations, 2021 | Click Here |
| Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 | Click Here |
| Corrigenda-Insolvency and Bankruptcy Code (Amendment) Ordinances, 2021 | |
| President promulgates Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 | Click Here |
| Insolvency and Bankruptcy Board of India notifies the Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021. |
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| Panel of IPs prepared in accordance with ‘Guidelines for Appointment of IPs as Administrators under the SEBI (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018’ for appointment as Administrator for a period from April 1, 2021 to September 30, 2021 | Click Here |
| IBBI QUARTERLY NEWSLETTER FOR OCT-DEC, 2020 | Click Here |
| Notification under section 4 of the Insolvency and Bankruptcy Code, 2016 for Chapter III-A | Click Here |
| NCLT to take up regular hearing through Video conference w.e.f. 12th April, 2021 | Click Here |
| Corporate Insolvency Resolution Processes Ending With Order of Liquidation: As on 31st December, 2020 | Click Here |
| Corporate Insolvency Resolution Processes Yielding Resolution: As on 31st December, 2020 | Click Here |
| IBBI notifies the IBBI (Pre-packaged Insolvency Resolution Process) Regulations, 2021 | Click Here |
| Notice- Extension of last date of applications for ED | Click Here |
| IBBI (Information Utilities) (Amendment) Regulations, 2021 | Click Here |
| Information Brochure: Insolvency Professional – A Key To Resolution | Click Here |
| In the matter of Ghanashyam Mishra and Sons Pvt. Ltd. Through Authorised Signatory Vs. Edelweiss Asset Reconstruction Company Ltd. Through the Director & Ors. Civil Appeal No. 8129 of 2019 and other appeals. |
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IRDAI– Insurance Sector Updates
IRDAI directs insurers to decide on COVID-19 claims within 60 mins
Direction issued in view of Delhi HC order asking IRDAI to tell insurers to communicate their cashless approvals within 30 to 60 minutes so that there is no delay in discharge of patients.
Regulator IRDAI on Thursday directed insurers to decide on cashless COVID-19 treatment claims within 60 minutes of the receipt of the final bill so that the hospital bed can be quickly made available to another waiting patient.
The Insurance Regulatory and Development Authority of India (IRDAI) also directed all general and health insurers to communicate their decision on authorization for cashless treatment for COVID-19 claims to the hospital within 60 minutes from the time of receipt of request along with all necessary requirements from the hospital.
In the wake of prevailing conditions of COVID-19 cases in the form of second-wave and in line with aforesaid directions of the High Court, IRDAI has issued the following directions to all insurers:
- Decision on authorization for cashless treatment for COVID-19 claims shall be communicated to the network provider (hospital) within a period of 60 minutes from the time of receipt of authorization request along with all necessary requirements from the hospital.
- Decision on final discharge of patients covered in COVID-19 claims shall be communicated to the network provider within a period of one hour from the time of receipt of final bill along with all necessary requirements from the hospital.
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Key Updates – April, 2021
| Particulars | Link |
| Norms on settlement of COVID-19 health insurance claims | Click here |
| Standard products on Fire and Allied perils insurance business | |
| Dividend Criteria for Equity Investment under “Approved Investment” | Click here |
| Comments / suggestions of the stakeholders on draft on IRDAI (General Insurance Products) Regulations, 2021 | |
| RTI – Frequently Asked Questions (FAQs)-Department wise | |
| Final order in the matter of M/s Muthoot Risk Insurance and Broking Services Pvt. Ltd. | |
| Draft Guidelines on Trade Credit Insurance | Click Here |
| Investment in Alternative Investment Fund (AIFs) | Click Here |
| IRDAI (Regulatory Sandbox) (Amendment) Regulations, 2021 | Click here |
| IRDAI (Insurance Advertisements and Disclosure) Regulations, 2021 | Click here |
| Order in the matter of Future Generali India Insurance Co Ltd | Click Here |
| Standard Prodcuts-Health Insurance | Click Here |
| Order in the matter of M/s SBI General Insurance Company Ltd. | Click Here |
| Order in the matter of M/s Royal Sundaram General Insurance Co. ltd. | Click Here |
| Order in the matter of M/s Bajaj Allianz General Insurance Company Ltd. | Click Here |
| Gross premium underwritten by non-life insurers within India (segment wise) : For the month / upto the Month Of March, 2021 (Provisional & Unaudited) | |
| Granting cashless facility for treatment of Covid-19 | Click here |
| Facilitation by the Insurers for Cashless services at network hospitals | Click Here |
| Investments in Debt Securities of InvITs and REITs | Click Here |
| Communication on Health Insurnace Claims | Click Here |
| IRDAI (Manner of Assessment of Compensation to Shareholders or Members on Amalgamation) Regulations, 2021 |
