Tag: Insolvency and Bankruptcy Board of India (IBBI)
Enforcing integrity
Insolvency board makes greater use of enforcement mechanisms to ensure compliance with the bankruptcy code
Regulations for professional entity insolvencies amended
The IBBI streamlined the rules governing their enrolment for the duty of managing insolvent companies with the Model Bye-Laws and Governing Board of Insolvency Professional Agencies (Amendment) Regulations, 2022
IBBI to speed up insolvency process
The Insolvency and Bankruptcy Board of India (IBBI) has amended the voluntary liquidation process (VLP) regulations, effective from 5 April 2022, with an aim to reduce the timeline for completion of the liquidation process of stressed assets
IBBI adds 1,060 insolvencies in two years
The Insolvency and Bankruptcy Board of India (IBBI) has admitted 538 and 522 cases, respectively during the periods for 2020-21 and 2021-22 (up to the quarter ending 31 December 2021) into the corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016
