IBBI: Current Affairs, GK & News - 2020-2021

IBBI amends regulations of liquidation process

Published: August 7, 2020

The Insolvency and Bankruptcy Board of India has amended the regulations for the liquidation process of companies. Now a liquidator will only be paid based on the amount they have done, in terms of the amount realized or distributed among the lenders. The Existing Practice As of now, if a company goes into liquidation under ..

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Advisory Panel on Insolvency and Bankruptcy Board of India (IBBI) reconstituted

Published: June 15, 2020

The Government of India recently reconstituted the advisory panel on corporate insolvency resolution and liquidation process. Highlights The IBBI recently reconstituted advisory panel by inducting four members. The committee was constituted in 2017 and is chaired by a noted banker Uday Kotak. The new members include Crisil MD Ashu Suyash, former chief economist at NSE ..

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22nd Financial Stability and Development Council meeting chaired by Finance Minister

Published: May 29, 2020

On May 28, 2020, the Union Finance Minister Nirmala Sitaraman chaired Financial Stability and Development Council meet. Highlights The meeting reviewed current domestic and global economic situation, financial vulnerabilities issues, liquidity of Micro financial institutions, Non-Banking Financial corporations, regulatory responses, etc. The council noted that COVID-19 posed a great threat to the global financial system ..

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IBBI and SEBI sign pact for Effective Implementation of IBC

Published: March 21, 2019

Insolvency and Bankruptcy Board of India (IBBI) and Securities and Exchange Board of India (SEBI) have signed a Memorandum of Understanding (MoU) to assist and co-operate with each other for the effective implementation of the Insolvency and Bankruptcy Code. Components of the MoU Sharing of information between the two parties. Sharing of resources available with ..

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IBBI Signs Cooperation Agreement with IFC

Published: March 10, 2019

The Insolvency and Bankruptcy Board of India (IBBI) has signed a cooperation agreement with the International Finance Corporation (IFC) to assist IBBI in further building the capacity of insolvency professionals and insolvency professional agencies for the purpose of the bankruptcy code. Strengthening IBBI IBBI established under the Insolvency and Bankruptcy Code, 2016 provides a platform ..

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