IBBI Mandates New Templates to Bar Tainted Beneficial Owners from IBC Rescues
Introduction The Insolvency and Bankruptcy Board of India (IBBI) has taken a decisive step toward fortifying the integrity of corporate insolvency proceedings. On November 6, 2025, the IBBI released a Discussion Paper proposing mandatory declaration templates for beneficial ownership and Section 32A eligibility, marking a shift from discretionary disclosures to a standardized, verifiable framework. This move directly addresses concerns that […]
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