• F-43 Dilshad Colony, Delhi, India
  • Call: 9911703900
  • Mon - Sat: 9.00am - 11.00pm
slider slider
What is insolvency and bankruptcy code 2020?

The Rajya Sabha on Saturday passed the Insolvency and Bankruptcy Code (Second Amendment) Bill (IBC).

What happens in case of insolvency?

When a company goes into liquidation its assets are sold to repay creditors and the business closes down.

Insolvency

Insolvency means you can't afford to pay back...

Other Stakeholders

Prospectus for Graduate Insolvency Programme

Information

You can also file RTI Applications/Appeals

Downloads

Insolvency and Bankruptcy Board of India

Welcome To IBC Guide.

Insolvency and Bankruptcy Code.

The Code outlines separate insolvency resolution processes for individuals, companies and partnership firms. The process may be initiated by either the debtor or the creditors. A maximum time limit, for completion of the insolvency resolution process, has been set for corporates and individuals. For companies, the process will have to be completed in 180 days, which may be extended by 90 days, if a majority of the creditors agree.

about

All you need to know

As many as 40 corporate insolvency resolutions, under the Insolvency and Bankruptcy Code, have been completed, Union Minister P P Chaudhary said on Tuesday.
The Code, which provides for market-determined and time-bound resolution process, is being implemented by the Insolvency and Bankruptcy Board of India (IBBI).
"By December 2017, 40 transactions of corporate insolvency resolution process (CIRP) were completed," the Minister of State for Corp.

figure

How do I become a professional insolvency?

A eligible person can become an Insolvency Professional by passing the Limited Insolvency Examination having 10 years experience as: A Chartered Accountant enrolled as a member of the Institute of Chartered Accountants of India.

Efficency
80%
Experience
95%
Experience
75%
figure

We Are Certified Award Winning Firm

brand
  • brand
  • brand
  • brand

Our Latest Updates

The Insolvency and Bankruptcy Code envisages early closure of the liquidation process so that the assets of the debtor are released for alternative use expeditiously.

Insolvency and Bankruptcy Board of India - REGULATIONS

Insolvency and Bankruptcy Board of India - REGULATIONS

Insolvency and Bankruptcy Board of India - REGULATIONS  14 Jan 2021 ... Read More

M/S VARDAAN CONTRACTS PRIVATE LIMITED - Liquidition

M/S VARDAAN CONTRACTS PRIVATE LIMITED - Liquidition

M/S VARDAAN CONTRACTS PRIVATE LIMITED
CIN – U31909DL2003PTC118712
(IN LIQUIDATION)
W.E.F 27.01.2021 ... Read More

NCLAT quashes NCLT order making MCA a party to all IBC proceedings

NCLAT quashes NCLT order making MCA a party to all IBC proceedings

Allowing the plea filed by the MCA, a two-member bench of the appellate tribunal said the NCLT's direction was "beyond the power" and amounted to "imposition of a new rule in a compelling fashion". The National Company Law Appellate Tribunal (NCLAT) has set aside an NCLT order to implead t... Read More

External Commercial Borrowings (ECB) Policy – ECB facility for Resolution Applicants under Corporate Insolvency Resolution Process.

External Commercial Borrowings (ECB) Policy – ECB facility for Resolution Applicants under Corporate Insolvency Resolution Process.

External Commercial Borrowings (ECB) Policy – ECB facility for Resolution Applicants under Corporate Insolvency Resolution Process.   Your web browser doesn't have a PDF pl... Read More

Empanelment of Insolvency Professionals (IPs) to be appointed as Administrator, remuneration and other incidental and connected matters under the Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018.

Empanelment of Insolvency Professionals (IPs) to be appointed as Administrator, remuneration and other incidental and connected matters under the Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018.

Empanelment of Insolvency Professionals (IPs) to be appointed as Administrator, remuneration and other incidental and connected matters under the Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018. ... Read More

Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018.

Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018.

Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018.   Your web browser doesn't have a PDF plugin.   Instead ... Read More

Do You Need Any IBC Help?

Call Now: 9911703900