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IBBI REGULATORY CHANGES
Panel seeks fast-track courts to expedite insolvency casesA parliamentary panel urges the government to establish special fast-track courts and bolster the National Company Law Tribunal. This aims ...- Insolvency board proposes rule to reveal beneficial owners behind bids for bankrupt firmsThe Insolvency and Bankruptcy Board of India (IBBI) has proposed mandatory disclosure of beneficial ownership by bidders for bankrupt firms...
- IBBI moots two-stage approval process to speed up rescue of bankrupt firmsThe Insolvency and Bankruptcy Board of India has suggested regulatory amendments like a two-stage approval for rescue plans, early takeover...
- IBBI allows easier possession, registration of flats during bankruptcy resolutionThe Insolvency and Bankruptcy Board of India allows homebuyers possession or registration of properties during resolution, provided they me...
- IBBI suggests monitoring panel to oversee resolution planIndia's Insolvency and Bankruptcy Board (IBBI) is proposing mandatory monitoring committees to oversee the execution of resolution plans un...
- Realty insolvency reforms to push for streamlined solutions for homebuyers, lendersThe Insolvency and Bankruptcy Board of India (IBBI) has proposed reforms to expedite the insolvency process for real estate companies, aimi...
- On average, resolution of cases under IBC took 716 days at NCLT in 2023-24: GovtInsolvency resolution at the National Company Law Tribunal averaged 716 days in the last fiscal, up from 654 days in 2022-23. Delays beyond...
- 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...
- Centre may junk special IBC framework plan for real estateAfter extensive deliberations, the government now reckons that such sector-specific mechanisms within the IBC could dilute the very essence...
- Banks, other financial services providers must seek prior regulatory nod for voluntary liquidation, says IBBIThe directive comes after some financial services providers are observed to have “commenced the voluntary liquidation process without notif...
- Guidelines relaxed for naming IDBI Bank valuerET had reported on September 7 that the government's request for proposal (RFP) to appoint an asset valuer for IDBI Bank had made it mandat...
- Unlocking India's economic promise: Can IBC act as a catalyst for expansion?Before IBC's implementation, insolvency and bankruptcy matters were not governed under a single law and were addressed via several statutes.
- 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...
- FSDC sub-committee reviews developments in economyIt also reviewed the activities of various technical groups under its purview and the functioning of State Level Coordination Committees (S...
- Govt sets up panel to review Competition ActThe committee would submit its report within three months from the date of its first meeting.
- Take realistic view of loan losses: Govt tells banks"The haircut has to be seen from the enterprise value angle and not from the claims angle," said Injeti Srinivas, Secretary, Ministry of Co...
- Companies settling cases right after notice: Bankruptcy board chairmanThe IBBI is the regulator looking at orderly proceedings and liquidation of ailing companies and helping banks and other creditors get thei...
- FSDC reconstituted to include more membersMoS in charge of DEA, secretaries of DeITY & revenue, insolvency board chief on board.
- IBC panel recommends changes to revamp insolvency resolution processThe panel has recommended changes to the insolvency resolution framework to make it flexible for Resolution Professionals to raise interim ...
- Insolvency-hit buyers need more cover: MinistryThe housing and urban affairs ministry is unhappy with the amendments notified last week.
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