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IBBI
Parliamentary panel backs govt steps to strengthen IBC recovery, seeks deeper action on fund diversionA parliamentary panel has backed govt efforts to improve insolvency recovery, seeking urgent action to prevent fund diversion during insolv...- Deadline for filing forms relating to personal guarantors to insolvent firms extended up to Sept 30Insolvency professionals have received a three-month extension to file forms electronically. This extension applies to monitoring resolutio...
- IBBI seeks tighter regulations around personal guarantors, valuation of insolvent firmsPersonal guarantors of struggling companies may lose their interim moratorium protection, as the insolvency regulator proposes changes to p...
- AM/NS takes over banks' claims linked to Essar Group promoters' personal guarantees"Banks had claims attached to the personal guarantees issued by the Essar promoters which was linked to the Essar Steel resolution. AM/NS' ...
- IBBI seeks to streamline real estate insolvency regulations with focus on homebuyersIndia's bankruptcy watchdog is proposing significant reforms to expedite real estate insolvency. Key changes include excluding completed or...
- New valuation rules seek fairer outcomes in bankruptcy casesNew Delhi: The bankruptcy regulator has issued a circular for standardized valuation of companies under the Insolvency and Bankruptcy Code....
- IBBI issues new guidelines to speed up appointment of insolvency professionalsThe Insolvency and Bankruptcy Board of India has released new rules for insolvency professionals. These guidelines aim to speed up appointm...
- IBBI proposes cap on assignments for insolvency professionals to curb delaysThe Insolvency and Bankruptcy Board of India plans to limit the number of cases an insolvency professional can handle. This aims to improve...
- IBBI moves to tweak Bankruptcy Code for speedier resolutionsThis would benefit creditors in long-running cases like KSK Mahanadi, under CIRP since October 2019. IBBI has asked stakeholders to submit ...
- IBBI extends deadline for filing e-forms detailing liquidation processes till MarchThe Insolvency and Bankruptcy Board of India (IBBI) has extended the deadline for insolvency professionals to submit electronic forms for l...
- Govt appoints Vaibhav Chaturvedi as RBI representative on IBBI boardVaibhav Chaturvedi, Chief General Manager of the Reserve Bank of India (RBI), has been appointed as an ex-officio member of the Insolvency ...
- IBBI proposes compliance procedures for IPs, seeks stakeholder feedbackThe Insolvency Bankruptcy Board of India (IBBI) has proposed changes to the corporate insolvency resolution process (CIRP) forms and compli...
- IBBI amends norms to streamline, ensure more transparency in insolvency resolution processRegulator IBBI has amended corporate insolvency resolution process norms to increase transparency and accountability. Separate accounts, va...
- Jithesh John takes charge as IBBI's Executive DirectorJithesh John, a 2001 batch Indian Economic Service Officer, has assumed the role of Executive Director at the Insolvency and Bankruptcy Boa...
- Divergence of opinions by different HCs: SC admits IBBI petitionThe Supreme Court has allowed the Insolvency and Bankruptcy Board of India (IBBI) petition and transferred several pending cases to the Bom...
- Ravi Mittal, former secretary, department of sports, likely to head IBBIRavi Mittal, former secretary department of sports is appointed as the chairman of Insolvency and Bankruptcy Board of India (IBBI), accordi...
- IBBI seeks public comments on existing regulationsNoting that stakeholders could play a more active role in making regulations, IBBI said that they may contemplate, at leisure, the importan...
- IBBI working to provide accountable and competent valuers: MS SahooThe IBC has helped financial and operational creditors recover over Rs 68,000 crore through successful resolutions of stressed assets in 88...
- IBBI publishes syllabus for valuer examinations from April 2019A person seeking to become a valuer requires to clear valuation examination conducted by the IBBI.
- IBBI slaps penalty on Electrosteel Steels resolution professionalIBBI stated that ideally the penalty on Anjaria for the violations would be three times the loss caused to the person concerned.
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