IBBI Mandates Carry-Forward Loss Disclosure in Insolvency: Rediff Moneynews

The IBBI has made it mandatory for insolvency professionals to disclose carry-forward losses in the Information Memorandum during the insolvency process. This aims to provide potential resolution applicants with a comprehensive understanding of the corporate debtor’s financial position. New Delhi, Mar 19 (PTI) The IBBI has mandated insolvency professionals to disclose details of carry-forward losses…