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IBBI REGULATIONS
Fix the ABC of IBC: Why we should re-engineer the bankruptcy code furtherThe recent litigation around Jaypee has once again unleashed a raging debate over arbitrary decision-making by financial creditors, lack of...- 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...
- Faster insolvency process proposed with creditor-led resolution frameworkA new Creditor-initiated Insolvency Resolution Process (CIIRP) aims to expedite debt resolution, allowing financial creditors with 51% debt...
- IBBI panel suggests project-wise insolvency resolution for real estate sectorA panel suggested restricting real estate insolvency proceedings to stressed projects, not entire companies, to protect homebuyers in solve...
- Personal guarantors to bankrupt firms will need to declare crypto holding, art collections in IBC proceedingsNew draft rules will require personal guarantors of stressed companies to declare all personal assets. This includes crypto, jewellery, and...
- IBBI revamps liquidation forms to cut compliance burden on IPsThe Insolvency Bankruptcy Board of India has introduced new electronic forms for liquidation processes. These revised forms aim to simplify...
- Insolvency and Bankruptcy Board of India proposes several changes in latest paperThe Insolvency and Bankruptcy Board of India (IBBI) has put forward changes to liquidation rules, aiming to make the process smoother. Thes...
- 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...
- Sandip Garg takes over as whole-time member of IBBIFormer tax officer Sandip Garg, who previously served as the executive director of the Insolvency and Bankruptcy Board of India (IBBI), has...
- Insolvency: Hold Resolution Professionals to accountConcurrent audit of the conduct of RPs is an option. IBBI should hold a consultation on this, along with the other issues it is already is ...
- IBBI 'inadvertently' puts out Aadhaar, PAN info of creditors on website; removes them laterA senior official said the details came into the public domain "inadvertently" as the regulator is working on a beta project to host the in...
- IBBI will strive for 'malleable regulatory framework' within confines of insolvency law: MS SahooThe Insolvency and Bankruptcy Board of India (IBBI) has adapted itself to the new environment in the wake of the coronavirus pandemic and w...
- IBBI amends liquidation process regulations; liquidator's fee to 'depend' on the work doneWhen a company goes into liquidation under the Insolvency and Bankruptcy Code (IBC), generally, the committee of creditors (CoC) appoints a...
- 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 notifies mechanism for issuing regulationsUnder the mechanism, a draft of regulations would be put out for public consultations as well as a statement of the problem that the propos...
- Insolvency and Bankruptcy Board of India to decide fate of loan guarantorsA working committee of insolvency professionals had submitted its recommendations on proposed regulations to IBBI more than a month ago.
- Insolvency rules for individuals & firms by December 2017The draft rules dealing with insolvency resolution process of individuals and firms was put on the website for public comments with a deadl...
- IBBI notifies regulations for probe under bankruptcy codeInsolvency professional agencies, professionals, entities and information utility are considered as service providers under the Code.
- IBBI notifies norms for liquidation processAs per the norms, a liquidator should ordinarily sell the assets through auctions and private sale would be allowed only if the asset is pe...
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