Tag: Insolvency and Bankruptcy Board of India (IBBI)

Insolvency-Bankruptcy

Simpler Insolvency & Bankruptcy Code likely to soon evolve for SMEs

The Government is keen to simplify the insolvency and bankruptcy code for partnership and proprietorship firms and evolve an efficient and low-cost code for SMEs, keeping in mind the job creation capacity of the sector. Given the increasing number of corporate loan defaulters, the Insolvency and …

Insolvency-Bankruptcy

IBBI plans fast-tracking resolution for start-ups

The Insolvency and Bankruptcy Board plans to fast-track the resolution process for “smaller cases”, including for startups, and complete them within 90 days. The Board has been set up under the Insolvency and Bankruptcy Code, which came into force from December 1, 2016. While a final …