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Insolvency and Bankruptcy Board of India (IBBI) strengthens its Due Diligence Framework under the Insolvency and Bankruptcy Code, 2016

News and Press Release - Dated:- 8-11-2017 - Press Information Bureau Government of India Ministry of Corporate Affairs 07-November-2017 19:54 IST Now prior to approval of a Resolution Plan, the Resolution Applicants, including promoters, will be put .....

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e Committee of Creditors in discharging their duties. Insolvency and Bankruptcy Board of India (IBBI) has amended its Corporate Insolvency Resolution Process Regulations to ensure that as part of due diligence, prior to approval of a Resolution Plan, .....

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viable Resolution Plan, the Insolvency and Bankruptcy Board of India (IBBI) has carried-out amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Resolution Process, 2016 (CIRP Regulations). The Revised Regulations make it inc .....

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respect to the Resolution Applicant in terms of convictions, disqualifications, criminal proceedings, categorization as willful defaulter as per RBI guidelines, debarment imposed by SEBI, if any, and transaction, if any, with the Corporate Debtor in .....

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