India’s insolvency framework is poised for a significant transformation with the introduction of the Creditor-Initiated Insolvency Resolution Process (CIIRP) under the newly proposed Insolvency and Bankruptcy Code (Amendment) Bill, 2025. It is important to note that this amendment is currently only a proposed law and has not yet been enacted. The Bill was introduced in the Lok Sabha during the Monsoon Session and has been referred to a Select Committee of Parliament for furth

The legal framework in India imposes various restrictions and disqualifications on individuals adjudged as insolvent. Insolvency applies...

AMENDMENTS MADE TO IBBI REGULATIONS ON JANUARY 31, 2024 The Insolvency and Bankruptcy Board of India (“IBBI”) notified certain amendments...