IBBI mandates ‘robust’ disclosure of losses carried forward in CIRP – Banking & Finance News

The Insolvency and Bankruptcy Board of India (IBBI) has tightened disclosure requirements for insolvency professionals, mandating them to include “comprehensive details” of carry forward of losses in the information memorandum prepared during the corporate insolvency resolution process (CIRP). This enhanced disclosure framework is intended to provide potential resolution applicants with more comprehensive understanding of a…