Disclosure of information relating to carry forward of losses in Information Memorandum
Introduction On March 17, 2025 vide Circular No. IBBI/CIRP/83/2025, the Insolvency and Bankruptcy Board of India (IBBI) has directed Insolvency Professionals, Entities and Registered Agencies to include a dedicated section in the Information Memorandum (IM) explicitly detailing the carry forward of losses under the Income Tax Act, 1961. Under the IBC, the Information Memorandum(IM) is a vital document that provides […]
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