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IBBI PROPOSALS
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...
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...
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 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 proposes recording of CoC deliberations on eligibility of bidders in CIRPThe IBBI proposes mandatory documentation of CoC deliberations on resolution applicant eligibility under Section 29A of the IBC to enhance ...
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 ...
Insolvency board issues discussion paper to streamline corporate resolution processIBBI issues a discussion paper proposing amendments to improve insolvency resolution processes, including coordinated resolution of interco...
IBBI proposes mandatory monitoring committees for resolution plansThe IBBI proposes monitoring committees to oversee resolution plans under IBC rules. These committees will ensure smooth implementation and...
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...
IBBI proposes to expedite flat ownership transfers in insolvent projectsThe Insolvency and Bankruptcy Board of India (IBBI) has put forth a proposal that could expedite the resolution process for stressed real e...
IBBI proposes amendments to insolvency rules; seeks public commentsIBBI proposes amendments to enhance efficiency and reduce costs in the Insolvency Resolution Process for Corporates, seeking stakeholder in...
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 proposes smooth registration of occupied flats in insolvent realty projectsThe proposals assume importance, as they seek to not just expedite resolution of insolvent realty projects but also provide relief to homeb...
IBBI proposes tweaks in rules to reduce delays in corporate insolvency processIn the 10-page discussion paper, the insolvency regulator has proposed to impose an obligation on the committee of creditors (COC) to share...
IBBI proposes revised norms to ensure time-bound enforcement mechanismVarious amendments have been mooted by the IBBI, a key institution in implementing the Insolvency and Bankruptcy Code (IBC), with respect t...
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 proposes code of conduct for transparent working of committee of creditorsThe discussion paper related to CIRP, released on Friday, is focused on three issues — code of conduct for committee of creditors (CoC), re...
IBBI proposes code of conduct for committee of creditors; seeks public commentsThe discussion paper related to CIRP is focused on three issues -- code of conduct for committee of creditors (CoC); restrictions on reques...
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.