IBC tweaks will align Indian laws with global regime: IBBIIndia's insolvency law is set for significant changes. These amendments aim to bring the system in line with global practices. The goal is ...
IBBI, ED reached solution to address problem in interface between insolvency law, PMLA: OfficialThe Insolvency and Bankruptcy Board of India (IBBI) and the Enforcement Directorate (ED) have resolved issues at the interface of the Insol...
Proposed IBC amendments to expedite resolution of stressed companies: IBBI ChairmanRavi Mital says bankruptcy law changes will speed up stressed company resolutions. Nirmala Sitharaman introduced amendments to the Insolven...
Insolvency law amendments will help ensure faster resolution process: IBBI ChairpersonIBBI Chairperson Ravi Mital stated that the proposed amendments to the insolvency law will expedite the resolution of stressed assets. The ...
Cos can look at voluntary insolvency process to increase productivity, maximise value: IBBI chiefIBBI Chief Ravi Mital highlights the need for companies in India to utilize the insolvency law more effectively, encouraging voluntary inso...
New insolvency framework to be creditor-led: IBBI chairman Ravi MitalThe Insolvency and Bankruptcy Board of India (IBBI) is developing a creditor-led resolution framework to expedite the rescue of stressed fi...
Creditor-led insolvency framework in the works: IBBI chairman MitalIndia's Insolvency and Bankruptcy Board of India (IBBI) is developing a creditor-led resolution process to expedite the rescue of stressed ...
Lenders have recovered Rs 3.5 lakh cr under IBC: Ravi MitalLenders recovered Rs 3.5 lakh crore from stressed assets in the last eight years through the insolvency process. NCLT approved 1,000 resolu...
IBBI chief asks insolvency professionals to be as transparent as possibleIBBI Chairperson Ravi Mital urged insolvency professionals to maintain transparency during the resolution process to enhance bids and minim...
Recovery via IBC up in June quarter at 31.12%In absolute terms, the realisation for creditors from the resolution of 58 stressed firms during the June quarter touched Rs 3,935 crore, a...
Ensure transparency, faster resolution under IBC for better recovery: IBBI chiefThe Insolvency and Bankruptcy Board of India (IBBI) is a key institution in implementing the IBC, which came into force in 2016. Mital aske...
Resolutions under insolvency law likely to touch 300 this year: IBBI chiefThe number of resolutions of stressed assets under the insolvency law is expected to reach 300 this year, according to Ravi Mital, Chairper...
Insolvency professionals should make all efforts to further improve insolvency ecosystem: OfficialInsolvency professionals should focus on improving the insolvency ecosystem in India to increase the confidence of potential bidders for st...
IBBI open to innovative suggestions that can reduce delays, help in better recoveryThe Insolvency and Bankruptcy Board of India (IBBI) chairman, Ravi Mital, has called for suggestions to help reduce delays in the insolvenc...
Insolvency resolution requires innovation; over regulation is not a solution: IBBI chief Ravi MitalWhile acknowledging that the IBC has issues related to delays and haircuts, among other things, Mital said the Insolvency and Bankruptcy Bo...
Ravi Mital appointed head of Insolvency and Bankruptcy Board of IndiaPrior to joining the Insolvency and Bankruptcy Board of India as Chairperson, Mital superannuated from the position of Secretary, Departmen...
Need trainers in huge numbers to impart skill to 50 crore people: Skill Development Secretary Ravi MitalSpeaking at the occassion, Skill Development and Entrepreneurship Minister Dharmendra Pradhan called for focusing on standardisation of tra...