Bankruptcy

What is the meaning of bankruptcy?

December 6, 2017

Bankruptcy stands for legal process against a person or an organization when the latter are unable to honour their financial obligations or pay back their outstanding debts. The firm or the debtor files a petition in the court and all the outstanding debts are measured and evaluated. Further, the...

What is the meaning of bailout?

December 6, 2017

The bailout is a process whereby financial support is extended to any individual, organization or even country which has financially failed and is faced with looming threat of bankruptcy. It is done in various ways like loans, bonds, stocks or cash. Bailouts may or may not require reimbursement but...

Insolvency and Bankruptcy board sets up two panels

November 28, 2016

Insolvency and Bankruptcy Board of India (IBBI), which expects to soon operationalise the Insolvency and Bankruptcy Code, 2016 has set up two high-level panels to gather inputs from experts, including on service providers and corporate liquidation. To expedite operationalisation of the code, IBBI has already released three sets of regulations...

IBBI notifies two regulations

November 23, 2016

Insolvency and Bankruptcy Board (IBBI) of India have notified two Regulations- the IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 and IBBI (Insolvency Professional Agencies) Regulations, 2016. The regulations have been notified by the IBBI in exercise of its powers conferred under section 240 of the...

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