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Need reforms for higher recoveries and speedier resolutions in IBC: IBBI ChairJayanti Prasad emphasized the need for reforms in India's debt resolution framework to improve realizations and safeguards. Justice Anupind...- IBC helps 1.4 lakh homebuyers move closer to possession as developers revive stalled projectsIndia's insolvency framework has helped more than 1.4 lakh homebuyers receive homes from stalled projects. Major developers, like Adani Rea...
- Rupee has scope to stabilise, appreciate: RBI deputy governor Poonam Gupta"One may think of the cumulative depreciation of the INR in the past year and a half to be a temporary phenomenon," she said. "If anything,...
- IBBI allows liquidators to modify stakeholder list on new informationUnder the earlier regime the liquidator could not change this list independently and had to apply to the Adjudicating Authority- usually th...
- Jayanti Prasad gets additional charge as Insolvency and Bankruptcy Board chairpersonJayanti Prasad has taken additional charge as Insolvency and Bankruptcy Board of India Chairperson. He succeeds Ravi Mital, who completed h...
- Supertech insolvency: NCLAT raises concern over delay in appointing IRP, slippage on deadlineConcerns have been raised by the NCLAT regarding NBCC's significant delays in the construction of Supertech projects, while criticism mount...
- NCLT rejects Jet Airways' liquidator plea seeking Rs 500 crore from BoeingThe National Company Law Tribunal dismissed Jet Airways' plea for a refund from Boeing. The tribunal cited a contractual dispute over advan...
- Insolvency regulator mulls tighter safeguards for personal guarantee insolvencyIndia’s insolvency regulator is proposing tighter safeguards for personal guarantor cases, including zero voting rights for related-party c...
- Insolvency professionals need to be wary of IBC abuse indicators: IBBIInsolvency professionals are now required to watch for at least nine "indicators" to prevent abuse of the Insolvency and Bankruptcy Code (I...
- MTNL, BSNL and RINL's Rs 13,500 crore worth of realty assets to hit marketsRealty assets worth an estimated ₹13,500 crore belonging to MTNL, BSNL and RINL are set to hit the market after the Department of Public En...
- 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...
- 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...
- 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...
- 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...
- 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.
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