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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.
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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
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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
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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).
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