The amendments are introduced to bring liquidation on par with the resolution process.
08 Jan 2020 1:31 AM
Under the new rule, resolution plan could provide for restructuring the company, including merger, amalgamation and demerger.
07 Sep 2019 1:31 AM
IBBI chief MS Sahoo noted that the repayment of debt is no longer an option, as tolerance for default has disappeared.
26 Apr 2019 3:39 PM
In view of the judgement, a bank-creditor needs to ask itself when it should initiate proceeding and justify itself, IBBI's Sahoo said.
07 Apr 2019 6:51 PM
The draft rules dealing with insolvency resolution process of individuals and firms was put on the website.
03 Nov 2017 6:46 PM
The corporate affairs ministry has proposed to specify the IBBI as the authority with respect to matters related to valuers.
20 Oct 2017 4:55 PM
In one year of existence, the Insolvency and Bankruptcy Board of India (IBBI) has already put in place the infrastructure ecosystem.
02 Oct 2017 6:26 PM
Insolvency professionals are responsible for taking forward resolution processes that has to be completed in 180 days.
29 Jul 2017 3:39 PM
A case is admitted by NCLT when it finds prima facie truth in the claims made by the applicant.
16 Jun 2017 8:04 PM