Tag: DebtResolution
IBBI Issues New Guidelines for Insolvency Professionals to Update Appointments on Its Portal
The Insolvency and Bankruptcy Board of India (IBBI) has introduced a new circular that formalizes the process for insolvency professionals (IPs) to update their appointments on the IBBI portal. This move aims to improve record-keeping,
Personal Guarantors to Corporate Debtors: A Guide to Insolvency Resolution under IBC
Introduction The Insolvency and Bankruptcy Code (IBC), 2016, provides a robust legal framework to resolve insolvency and ensure the timely reorganization of debts. Sections 94 to 120, specifically, deal with the insolvency resolution process for
Understanding the Legal Provisions Governing Pre-Packaged Insolvency Resolution Process (PPIRP)
The Pre-Packaged Insolvency Resolution Process (PPIRP) under the Insolvency and Bankruptcy Code (IBC), 2016, provides a streamlined framework for resolving insolvency, particularly for Micro, Small, and Medium Enterprises (MSMEs). This article explains the key sections
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