IBBI

At USD 1.9 billion, CoinSwitch Kuber second crypto unicorn

This investment makes the crypto start-up the second crypto unicorn  and the most valuable cryptocurrency company in India valued at $1.9 billion.

published on : 7th October 2021

Need objective assessment of working of insolvency law: IBBI chief

M S Sahoo's remarks come against the backdrop of diverse views being expressed on the overall impact of the Insolvency and Bankruptcy Code (IBC), which came into force in 2016.

published on : 2nd September 2021

Resolution professionals can hire experts in insolvency cases, says Insolvency and Bankruptcy Board

As far as the appointment of professionals in the resolution process is concerned, the invoice for fee shall be raised in the name of the professional and be paid into his bank account.

published on : 22nd July 2021

IBBI amends regulations; seeks to enhance discipline, transparency in insolvency process

The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations.

published on : 21st July 2021

IBBI to crowd-source ideas to improve insolvency laws

The recent resolution of Videocon Group’s insolvency process, whereby the resolution applicant Vedanta Ltd paid a meagre Rs 2,900 crore against creditors' claim of Rs 61,000 crore.

published on : 19th June 2021

Large haircuts under insolvency law are not uncommon: IBBI chief MS Sahoo

Two things are on the ground – one, is the available assets in the books of the corporate debtor, and the amount due in the books of creditors. 

published on : 12th June 2021

Insolvency and Bankruptcy Board of India notifies rules for new pre-packaged resolution process

The rules specify that the resolution professional and all partners and directors of the insolvency professional entity have to be independent of the debtor. 

published on : 10th April 2021

Insolvency and Bankruptcy Code ordinance: Several companies say they are not 'wilful defaulters'

The government today promulgated an ordinance to bar wilful bank loan defaulters as well as those with NPA accounts from bidding in auctions being done to recover loans.

published on : 23rd November 2017