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Insolvency and Bankruptcy Board of India News
Insolvency and Bankruptcy Board of India
Year Ender 2021: With missed timelines, insolvency cases likely to speed up with improved infrastructure
Fri, Dec 31, 2021
The National Company Law Tribunal, the designated authority under the insolvency law, and the appellate tribunal NCLAT continued to grapple with a lack of resources in terms of vacant positions of judges and poor infrastructure.
IBBI amends regulations; seeks to enhance discipline, transparency in insolvency process
Thu, Jul 22, 2021
An official release said the amendments to the regulations are aimed at enhancing "the discipline, transparency, and accountability in corporate insolvency proceedings".
Insolvency law a 'Swachhata drive' against non-performing assets: IBBI chief
Mon, Mar 23, 2020
The "evolving" insolvency law is a kind of "Swachhata drive" to clean up non-performing assets as well as put companies in the hands of capable and credible people, according to IBBI chief M S Sahoo
NCLT suggests IBBI review insolvency code regulations
Sun, May 06, 2018
The National Company Law Tribunal also said that the resolution professional (RP) should be competent and independent so that there are no interruptions in the process which lead to delays in disposal of insolvency cases. Besides, it has said the claims of operational creditors are neglected or ignored as the Committee of Creditors (CoC) has supremacy of the financial creditors (banks and financial institutions) who have control over the entire process
SBI inks pact with NeSL, announces credit cards for farmers
Tue, Jan 30, 2018
The bank today announced three major moves -- signing pact with NeSL, launching of two digital apps and deciding to provide free credit cards to farmers
Challenge lies in IBC's successful implementation: SC judge
Sat, Jul 29, 2017
Emphasising that the Code is important for the country's economy, Justice Sikri said interpreting the law is also a challenge before National Company Law Tribunal (NCLT) and Insolvency and Bankruptcy Board of India (IBBI).
Bad Loans Cleanup Phase 2: Govt says insolvency cases to be resolved within 90 days
Fri, Jun 16, 2017
A group of corporate debtors have been identified by the Insolvency and Bankruptcy Board of India (IBBI) that can opt for faster resolution under Insolvency & Bankruptcy code. Time period has been reduced to 90 days for process of a cases than the usual 180 days.
Insolvency And Bankruptcy Code: First information utility to be operational in 3 months
Sun, May 14, 2017
According to a top official from IBBI, the government's Insolvency and Bankruptcy Code is likely to be operational in next three months.