Tag: ibbi
IBBI chief asks insolvency professionals to be as transparent as possible
IBBI Chairperson Ravi Mital on Tuesday asked insolvency professionals to be as transparent as possible during the resolution process as that will help in improving…
NCLT approved record 269 resolution plans in FY24
Mumbai: The National Company Law Tribunal (NCLT) approved a record 269 resolution plans under the insolvency law in 2023-24, which is 42 per cent higher…
IBBI plans new voting system for bankruptcies
The Insolvency and Bankruptcy Board of India (IBBI) is proposing a new voting system for bankruptcies allowing multiple votes for each available plan to maximise…
NCLT approves 180 resolution plans in FY23, totalling Rs 51,424 crore
Insolvency tribunal NCLT approved 180 resolution plans in FY23, making it the highest-ever annual number so far. With this, NCLT has clocked in a total…
insolvency: IBBI seeks public comments on regulatory framework under insolvency law
The Insolvency and Bankruptcy Board of India (IBBI) on Saturday sought public comments on the regulations notified till date under the insolvency law as it…
Insolvency resolution requires innovation; over regulation is not a solution: IBBI chief Ravi Mital
Amid instances of long delays in insolvency resolution process of various companies, IBBI chief Ravi Mital on Thursday said resolution requires innovation and “over regulation…