Insolvency And Bankruptcy Board Of India

The amendments, notified on February 3 and effective immediately, aim to enhance efficiency in insolvency proceedings, particularly for real estate projects.

6,571 corporate insolvencies under IBC as of March 2023: IBBI Data

According to the data, 678 corporate debtors have been rescued so far under the code, 117 have admitted claims of more than Rs 1,000 crore till December 2022, and 102 have yielded resolution plans.

Impact report of IBC to come in next 2 months: Bankruptcy Board chairperson

IBC also has several problems like delays and haircuts, said Ravi Mital.

Number of cases ending in liquidation increase, recovery rate falls

Some1,448 liquidation processes are still underway, according to the Insolvency and Bankruptcy Board of India (IBBI).

Government amends IBC rules to cut delays, help creditors realise better value

The fresh changes, the government said, is aimed at streamlining the whole process and help creditors realise better value.

IBBI 'inadvertently' puts out Aadhaar, PAN info of creditors on website; removes them later

The details came into the public domain "inadvertently" as the regulator is working on a beta project to host the information of creditors of companies undergoing Corporate Insolvency Resolution Process (CIRP) and liquidation.

Bankruptcy resolution plan takes average 400 days against intended 180/270 days: IBBI chief M S Sahoo

According to the IBBI chief, the Code has rescued 70 per cent of distressed assets through insolvency resolution plans and has released remaining 30 per cent of such assets through liquidations.

IBBI notifies regulations for pre-packaged insolvency resolution process

The regulations detail the forms that stakeholders are required to use, and the manner of carrying out various tasks by them as part of the pre-pack resolution process.

Personal insolvency: SC to decide on transferring pending cases to itself

Some of the counsels appearing in the matter opposed the transfer of writ petitions and said that it would be better if the high courts decide the issue, and the top court will have the benefit of judgement of the high court.

Insolvency and Bankruptcy Board amends liquidation process regulations

The regulations require the Committee of Creditors (CoC) to fix the fee payable to the liquidator.

Sebi, IBBI ink pact for effective implementation of securities law, IBC

The pact provides for sharing of information with each other, subject to the limitations imposed by the applicable laws.

Solution to stressed assets lies in creating market for resolution: IBBI Chief

The solution to the buying of stressed assets does not lie in allowing tainted persons to come in but a solution lies in creating a market to arrive at a resolution, according to MS Sahoo, Chairman of Insolvency and Bankruptcy Board of India.

NPA formation showing declining trend in March qtr: Jaitley

The rate of rise in bank's non-performing assets has slowed down in the March quarter and the steel sector has started showing signs of improvement, Finance Minister Arun Jaitley said today.

Bankruptcy Code to improve ease of doing business: IBBI

Providing the first possible avenue to resolve insolvency in a market-determined and time-bound manner, the Insolvency and Bankruptcy Code will help improve ease of doing business as well as develop the debt market, says IBBI Chairperson M S Sahoo.

Bankruptcy & Insolvency law may be operational by year end: Das

The government has already set up Insolvency and Bankruptcy Board of India (IBBI) and floated draft norms to take views of the stakeholders.

Govt appoints four nominees to Insolvency and Bankruptcy Board

Government has appointed four nominees, including two joint secretaries, to the Insolvency and Bankruptcy Board of India (IBBI).

Madhusudan Sahoo to head Insolvency and Bankruptcy Board

The Appointments Committee of Cabinet has approved his appointment to the post for five years, an order issued by Department of Personnel and Training said.