IBBI Current Affairs

Insolvency and Bankruptcy Board of India inks MoU with RBI

The Insolvency and Bankruptcy Board of India (IBBI) signed Memorandum of Understanding (MoU) with Reserve Bank of India (RBI) for increased cooperation in effective implementation of insolvency law. The MoU was singed at time when authorities are working on ways to address huge amount of non-performing assets (NPAs) in banking sector. Key Facts The MoU Read More…

Tags:

IBBI notifies rules for bankruptcy probe

The Insolvency and Bankruptcy Board of India (IBBI) has notified regulations for inspection and investigation of service providers registered with it. Under the Insolvency and Bankruptcy Code (IBC) implemented by IBBI, service providers are insolvency professional agencies, entities, professionals and information utilities. New regulations The investigation authority has to serve a notice intimating the entity Read More…

Tags:

Insolvency and Bankruptcy Board sets up two advisory committees

The Insolvency and Bankruptcy Board of India (IBBI) has set up two high-level advisory committees to gather inputs from experts, including on service providers and corporate liquidation. IBBI has been set up under the Insolvency and Bankruptcy Code, 2016 and is expected to soon operationalize. The two committees have begun their deliberations. Key Facts The Read More…

Tags:

IBBI notifies two regulations under Bankruptcy Code

The Insolvency and Bankruptcy Board (IBBI) of India has notified two regulations in exercise of its powers conferred under section 240 of Insolvency and Bankruptcy Code, 2016. The Insolvency and Bankruptcy Code, 2016 seeks to ensure time-bound settlement of insolvency, faster turnaround of businesses and create a unified database of serial defaulters. These two regulations Read More…

Tags:

MS Sahoo takes charge as Chairman of Insolvency and Bankruptcy Board of India

The Union Finance Ministry constituted four-member Insolvency and Bankruptcy Board of India (IBBI) with Financial markets expert MS Sahoo as its Chairman. MS Sahoo was administered the oath of the office by Union Finance and Corporate Affairs Minister Arun Jaitley in New Delhi. He will have tenure of five years i.e. till 2021. Prior to Read More…

Tags:

Advertisement