Insolvency And Bankruptcy Board Of India
Ending guarantors' impunity
Wake-up call for errant promoter-guarantors
 "Ending guarantors' impunity")
Centre may make further changes to Insolvency and Bankrutpcy Code: Govt
Insolvency and Bankruptcy Board of India (IBBI) is implementing the Code
IBBI issues guidelines for tech standards for info utilities
Information utilities store financial information to help establish defaults and verify claims expeditiously in order to complete transactions under the Insolvency and Bankruptcy Code
 "IBBI issues guidelines for tech standards for info utilities")
Foreign creditors will have to wait to stake claims in insolvent companies
Creditors across the border will have to wait to be part of the insolvency process in India. While the sections pertaining to cross-border insolvency in the Insolvency and Bankruptcy Code have been notified, the rules are yet to be framed. MS Sahoo, the Chairman of the Insolvency and Bankruptcy Board of India (IBBI) says that the rules are in the making. Sahoo told Business Standard, "We are working on the rules for cross-border insolvency. We need to lay down what kind of agreements India should get into with other countries. It has to be decided what clauses should be part of those agreements."Cross-border insolvency will help creditors from other countries that have a stake in Indian companies. Insolvency professionals say that infrastructure and transport companies will be the ones to benefit the most once the Indian government gets into agreements with other countries. Some of the obvious sectors that can benefit once such agreements are in place would be aviation, shipping, ...
 "Foreign creditors will have to wait to stake claims in insolvent companies")
