Tag: ibbi
Posted in Economy
IBC tweaks will align Indian laws with global regime: IBBI
New Delhi: The proposed amendments to the insolvency law, once ratified by Parliament, will better align the Indian bankruptcy system with the global regime and…
Posted in Economy
IBBI revamps liquidation forms to cut compliance burden on IPs
New Delhi: The Insolvency Bankruptcy Board of India has launched a set of revised electronic forms for the liquidation process to reduce the compliance burden…
Posted in Economy
IBBI seeks to strengthen due diligence on bidders’ compliance with Section 29A
To ensure the integrity of a resolution process, IBBI has asked resolution professionals to submit detailed notes on bidders’ compliance with the insolvency law‘s Section…
Posted in Economy
Insolvency board proposes rule to reveal beneficial owners behind bids for bankrupt firms
The insolvency regulator has proposed mandating bidders for bankrupt firms to disclose beneficial ownerships, a move aimed at curbing misuse of the ‘clean slate’ principle…