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 appointment in the following processes and capacities: a. Interim Resolution Professional (IRP) under the Corporate Insol…
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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 of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2025 (Amendment Regulatio…
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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 process (from 14 days to about 30 days) by streamlining the verification process thereby facilitating wider participation.…
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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 for conducting auctions for sale of assets during the liquidation process with effect from 1 st April 2025. It is …
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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 liquidator shall ordinarily sell the assets of the corporate debtor through an auction in the manner spe…
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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 liquidation latest by 30.09.2024. In this regard, representations have been received from the liquidators and Insolvenc…
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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 process latest by 30.09.2024. In this regard, representations have been received from the liquidators and Insolvency …
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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 a representative for a class of creditors during the period when the application for appointment of the authorised repres…
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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 conducted under the Code. Accordingly, an online module, in consultation with Registered Valuers Organisations, has b…
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IBBI Update - Filing Forms to monitor liquidation processes under the Insolvency and Bankruptcy Code, 2016, and the regulations made thereunder
Please find the following update under IBBI Form No Period Covered and Scope Timeline LIQ -1 From Commencement of Liquidation till Public Announcement: This includes details of the Liquidator, Corporate Debtor (CD),…
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