IBC Insights March 2025 – Monthly Newsletter for Insolvency Matters
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Read More ››Introduction India’s Insolvency and Bankruptcy Code (IBC), enacted in 2016, represents a progressive legal framework aimed at revitalising distressed companies and ensuring timely debt recovery. A key principle underlying the IBC is the “clean slate principle,” which allows corporate debtors to be absolved of past liabilities following the approval of a resolution plan. This concept is crucial for attracting resolution […]
Read More ››Introduction With the objective of streamlining the insolvency resolution process for personal guarantors to corporate debtors, IBBI1 has introduced Regulation 17B through the IBBI, via Notification No. IBBI/2025-26/GN/REG125, effective from May 19, 2025. This new provision specifically addresses the failure of personal guarantors to submit a repayment plan, thereby enhancing the efficiency of the insolvency process. Prior to this amendment, […]
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