IBBI Update – Disclosure of information relating to carry forward of losses in Information Memorandum (IM)
All Insolvency Professionals shall include a dedicated section in the IM explicitly detailing the carry
IBBI Update – Intimation to the Board on the appointment of insolvency professional under various processes under the Code
The IPs are henceforth mandated to add assignments on the IBBI’s electronic portal upon their
IBBI Update – Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations)
The Insolvency and Bankruptcy Board of India (IBBI/Board) has notified the Insolvency and Bankruptcy Board
IBBI Update -Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 and Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017
Auction Process a. Prospective bidders are now given more time to participate in the auction
IBBI Update – Mandatory Use of eBKray Auction Platform for Liquidation Processes
All IPs handling liquidation processes are hereby directed to exclusively use the eBKray auction platform
IBBI Update – Centralized Electronic Listing and Auction Platform for the Sale of Assets under Liquidation Process
Regulation 33 (1) of the IBBI (Liquidation Process) Regulations, 2016 (Liquidation Regulations) provides that, “The
IBBI Update – Extension of time for filing Forms to monitor voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016, and the regulations made thereunder.
Vide Circular dated 28.06.2024 the liquidators were directed to file forms relating to the voluntary
IBBI Update – Extension of time for filing Forms to monitor liquidation processes under the Insolvency and Bankruptcy Code, 2016, and the regulations made thereunder
Vide Circular dated 28.06.2024 the liquidators were directed to file forms relating to the liquidation
IBBI Update – Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations)
The Amendment Regulations provide for the appointment of an interim representative who will act as
IBBI Update – Generation of Valuation Report Identification Number for valuation conducted by Register Valuer under Insolvency and Bankruptcy Code, 2016
It has been decided to provide a Valuation Report Identification Number (VRIN) for each valuation