Day: January 15, 2021

IBC for PSU banks

UK company insolvencies rise 9% in December 2020; individual insolvencies declines

In December 2020, UK company insolvencies for the first time were higher than the comparable month in 2019 since the...

Piramal Group wins bid for DHFL

Piramal Group wins the bid for DHFL

The Committee of Creditors (CoC) has approved the Piramal Group's resolution plan for Dewan Housing Finance Corporation Ltd (DHFL), which...

AI for financial statement

ICAI planning to use AI to identify the non-compliances in financial statements

The Institute of Chartered Accountants of India (ICAI) through its Financial Review Reporting Board (FRRB) is planning to use Artificial...

New Scheme of Education

IPAs should now have a compliance officer; publish self-evaluation report

The insolvency regulator – Insolvency and Bankruptcy Board of India (IBBI) -- now requires the insolvency professional agencies (IPAs) to...