ANI |
Updated: Sep 10, 2026 08:16 IST
New Delhi [India], September 10 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) has warned against misuse of IBC provisions for tax avoidance and evading investigations, directing resolution professionals to stay vigilant against fraudulent actions that undermine corporate rescue proceedings.
According to a circular issued by IBBI, information received from law enforcement and regulatory bodies revealed that certain entities exploit the Insolvency and Bankruptcy Code, 2016 for purposes outside genuine…