Search result for 'insolvency professionals'

The IBBI has made it mandatory for insolvency professionals to disclose carry-forward losses in the Information Memorandum during the insolvency process. This aims to provide potential resolution...

The Insolvency and Bankruptcy Board of India (IBBI) has made it mandatory for insolvency professionals to report their assignments on its electronic portal within a prescribed time frame. This move...

The Insolvency and Bankruptcy Board of India (IBBI) has amended regulations to improve the liquidation process, including streamlined auctions, enhanced reporting, and improved fund management.

The Insolvency and Bankruptcy Board of India (IBBI) mandates eBKray platform for selling assets under liquidation from April 1. The platform aims to create an efficient and accountable insolvency...

The Indian government is developing an integrated platform to streamline the insolvency ecosystem, connecting key stakeholders and speeding up resolution processes. The platform aims to address...

IBBI proposes mandatory monitoring committees for resolution plans under the Insolvency and Bankruptcy Code (IBC) to ensure smooth implementation and bolster confidence in the process. The move...

The Insolvency and Bankruptcy Board of India (IBBI) proposes voluntary mediation for operational creditors before insolvency filings, aiming to reduce the burden on the Adjudicating Authority and...

IBBI Chairperson Ravi Mital emphasizes transparency from insolvency professionals during resolution, aiming to improve bids and reduce haircuts. Learn more about the IBC ecosystem.

IIIPI recommends specialised NCLT benches and integrated case management software to expedite insolvency resolution under IBC. The study highlights the need for faster resolution of stressed assets.

The Insolvency and Bankruptcy Board of India (IBBI) will provide a unique identification number for valuation reports to ensure authenticity and verification under the Insolvency and Bankruptcy...

Experts applaud India's Union Budget 2024-25 for maintaining fiscal prudence, focusing on capital expenditure and targeting a 4.9% fiscal deficit. The budget aims to stimulate economic growth and...

IBBI chief urges insolvency professionals for transparency, faster resolution of stressed assets under IBC for better recovery, emphasizing genuine innovations and improved information memoranda.

A survey reveals that insolvency professionals face significant challenges from statutory authorities during the IBC process, including delays and conflicting demands.

The IBBI has introduced electronic forms for liquidation processes under the Insolvency and Bankruptcy Code (IBC) to ease compliance burden and enhance efficiency. These forms cover different...

The IBBI has proposed amendments to insolvency rules aimed at enhancing efficiency and reducing costs. Public comments are invited until July 10.

The Insolvency and Bankruptcy Board of India (IBBI) has issued new guidelines to streamline the appointment of insolvency professionals (IPs) as interim resolution professionals, liquidators, and...

A study by the Indian Institute of Insolvency Professionals highlights the need for legal and administrative reforms to streamline real estate case resolution under the Insolvency and Bankruptcy...

The Indian Institute of Insolvency Professionals of ICAI (IIIPI) has reduced the annual membership fee for insolvency professionals and Insolvency Professional Entities (IPEs) by 50%.

The Indian Institute of Insolvency Professionals of ICAI (IIIPI) will bring support services provided by Insolvency Professional Entities (IPEs) under peer review. This move will help assess the...

The National Company Law Tribunal (NCLT) saw a 43% increase in debt resolution cases in 2023-24, with the Insolvency Bankruptcy Board of India (IBBI) emphasizing mediation and prepackaged insolvency.

The Insolvency and Bankruptcy Board of India (IBBI) has amended norms related to insolvency resolution process for personal guarantors and voluntary liquidation process. The changes aim to...

The Insolvency and Bankruptcy Board of India (IBBI) has rationalized the regulatory framework for insolvency professional entities (IPEs), clarifying disciplinary proceedings, assignment limits,...

Insolvency Professional Entities (IPEs) enrolled with IIIPI will now undergo peer review, improving service quality and stakeholder confidence under the Insolvency and Bankruptcy Code (IBC).

The ICAI has extended its peer review framework to insolvency professional entities (IPEs), aiming to improve service quality and stakeholder confidence.

A new report highlights the vital role of insolvency professionals in pre & post-resolution stages, emphasizing early stress detection and intervention for corporate success.

IBBI's Sudhaker Shukla highlights the importance of considering country-specific issues in cross-border insolvency frameworks, emphasizing learning from best practices and adapting them to the...