Tag: InsolvencyResolution

IBBI Enhances Disclosure Requirements for Carry forward losses in Corporate Insolvency Resolution Process

IBBI Enhances Disclosure Requirements for Carry forward losses in Corporate Insolvency Resolution Process

The Insolvency and Bankruptcy Board of India (IBBI) has issued a new circular dated 17th March 2025, aimed at improving transparency in the Corporate Insolvency Resolution Process (CIRP). The directive mandates Insolvency Professionals (IPs) to

Personal Guarantors to Corporate Debtors: A Guide to Insolvency Resolution under IBC

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)

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