Browsing Tag
Insolvency and Bankruptcy Board of India
IBBI bats for cross-border insolvency framework
NEW DELHI :
Adoption of a cross-border insolvency regime by India will be seen as a progressive market reform by global investors and will empower creditors to access overseas assets of defaulters, Insolvency and…
IBBI plans to reduce timelines under voluntary liquidation process
New Delhi: The Insolvency and Bankruptcy Board of India (IBBI) has proposed amendments to regulations governing the voluntary liquidation process to reduce timelines, including bringing down the period for preparation of list of…
Govt plans law for lenders to pursue defaulters abroad – Times of India
MUMBAI: The government has proposed changes to the bankruptcy legislation by adopting a global model law that will enable lenders to apply the insolvency law to defaulters’ assets lying overseas. These will include the offshore personal…
Insolvency Board amends liquidation process, increases transparency
Major changes in the insolvency process have been introduced by the Insolvency and Bankruptcy Board of India. These changes are being brought about to increase transparency and address issues that have come up recently.
The Board (IBBI) is…