IBBI amends CPE guidelines, mandating in-person training for insolvency professionals from 2026. Learn about the new credit hour requirements. New Delhi, Aug 13 (PTI) The IBBI on Wednesday amended its Continuing Professional Education (CPE) guidelines for insolvency professionals, introducing mandatory in-person learning requirements from 2026. As per the revised framework, IPs must complete a minimum…
900 jobs gone, workers owed $11m as major care provider folds Herald Sun Read the original article here
The government has introduced a major reform to India’s insolvency framework with the Insolvency and Bankruptcy Code (Amendment) Bill, 2025. Presented in the Lok Sabha by Finance Minister Nirmala Sitharaman, the Bill seeks to reduce long delays in insolvency cases, strengthen creditor control, and make the resolution process more efficient. Cutting Down Delays in Insolvency…
Claire’s in Administration Threat Company Rescue Read the original article here
IBBI proposes a cap on assignments for insolvency professionals to curb delays and ensure equitable distribution of work. New Delhi, Aug 13 (PTI) The IBBI has proposed imposing a cap on the number of assignments that insolvency professionals (IPs) can handle across key roles, in a bid to improve efficiency and ensure equitable distribution of…
New Delhi, Aug 13 (PTI) The IBBI has proposed imposing a cap on the number of assignments that insolvency professionals (IPs) can handle across key roles, in a bid to improve efficiency and ensure equitable distribution of work. Currently, IPs are restricted to a maximum of 10 assignments as resolution professionals (RPs) in corporate insolvency…
They propose to focus on the creditor-initiated insolvency resolution process which involves creditors settling insolvency matters out of court, thereby reducing the burden of cases on insolvency tribunals. The National Company Law Tribunal (NCLT) will only have to approve the resolution plans, thus reducing the timelines under the IBC. Mint takes a closer look at…
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China Evergrande liquidators say $255 million of assets have been sold MSN Read the original article here
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