IBBI streamlines CIRP with new digital framework
The Insolvency and Bankruptcy Board of India (IBBI) has announced a significant reform to the Corporate Insolvency Resolution Process (CIRP)...
IBBI
Improve quality of information memorandum, says IBBI chairman
There is a need to improve the quality of information memorandum under the corporate insolvency resolution process (CIRP), Ravi Mital,...
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...
Resolutions under IBC may touch 300 in FY24; ecosystem needs to be prepared to deal with 1,000: MCA secy
The number of resolutions of stressed assets under the insolvency law is expected to reach 300 this financial year, after...
Stakeholders discuss challenges in resolution of real estate companies
Non-acceptance or part acceptance of claims, multiple litigation or non-cooperation by suspended directors, litigation by government agencies, and delay in...
Success of IBC should be judged on number of resolutions not on amount recovered: IBBI Chairman
The success of Insolvency and Bankruptcy Code (IBC) should be evaluated based on the number of resolutions rather than the...
IBBI Regulations carry a statutory flavour and are binding on the NCLT: MS Sahoo
Former Insolvency and Bankruptcy Board of India (IBBI) Chairperson MS Sahoo (in pic) shares his views on legal sanctity of...
Govt exempts certain IBBI earnings from income tax for five years
The government of India has notified the income tax exemptions to certain income of the insolvency regulator – Insolvency and...
Ravi Mital takes charge as chairperson of Insolvency and Bankruptcy Board of India
Ravi Mital today took charge as Chairperson of Insolvency and Bankruptcy Board of India inNew Delhi today. A 1986 batch...
Govt proposes sweeping changes to strengthen the liquidation process
In a consultation paper floated on 27 August 2021, the insolvency regulator in India – Insolvency and Bankruptcy Board of...