The Ministry of Corporate Affairs (MCA) has invited suggestions of the stakeholder on the proposed Integrated Platform for Insolvency Ecosystem (iPIE), a unified platform that will merge various business procedures and digital services into a common technology structure.
The ministry mentioned that the platform is contemplated to assist end-to-end digital workflows, ease real-time data exchange among authorised stakeholders, and lessen the dependence on manual procedures across the insolvency lifecycle. The platform brings various stakeholders, processes, and technology systems together under the Insolvency and Bankruptcy Code (IBC).
“The IBC has strengthened India’s insolvency framework through a…