Parliamentary panel calls for sweeping reforms to rescue India’s insolvency & bankruptcy ecosystem
The Parliamentary Standing Committee on Finance, led by Bhartruhari Mahtab, has urged the Government to implement comprehensive and urgent reforms...
CIRP
NCLT appoints new liquidator for Uniply Industries amidst suspension of previous one
The National Company Law Tribunal (NCLT), Chennai Bench, has approved the appointment of Ms. Santhanam Rajashree as the new Liquidator...
ICAI suggests key reforms to improve IBC effectiveness
The Institute of Chartered Accountants of India (ICAI) has proposed a series of strategic reforms to strengthen the Insolvency and...
IBC offers impetus to recovery segment of financial markets: Economic Survey
The insolvency and Bankruptcy Code (IBC) has offered fresh impetus to the recovery segment of the financial markets and the...
Amendment likely to clarify resolution does not extinguish liability of guarantors
The Insolvency and Bankruptcy Board of India (IBBI) has proposed several changes to streamline the corporate insolvency resolution process as...
Creditors recover Rs 3.36 lakh crore from 947 resolved CIRPs till 31 Mar’24
In the seven full (financial) years of Insolvency and Bankruptcy Code (IBC) since 2017-18, the new loan recovery system has...
IBBI notifies key amendments to insolvency laws
The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for...
Insolvency professional Partha Sarthy Sarkar suspended for two years
The Insolvency and Bankruptcy Board of India (IBBI) has suspended the registration of insolvency professional Partha Sarathy Sarkar for two...
Commonly used IBC terms and jargons you should know
Insolvency and Bankruptcy Code is a relatively new law, and many of you, who regularly read our reports on insolvency...
IBC should be used as last option for stressed real estate projects: Panel
Judicial interventions such as Insolvency and Bankruptcy Code (IBC) should be used only as a last resort in case of...