Tag: IBBI

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The Insolvency and Bankruptcy Code (IBC) completes 10 years

Source: PIBSubject: Economy Context: The Insolvency and Bankruptcy Code (IBC), enacted in 2016, has completed a decade of operation, establishing itself as a transformative institutional shift for India's credit markets and corporate accountability. he Insolvency and Bankruptcy Code About The Insolvency and Bankruptcy Code (IBC) completes 10 years: What It Is? The Insolvency and Bankruptcy …

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M.S. Sahoo Committee

Source:  PIB Subject:  Economy Context: The Pension Fund Regulatory and Development Authority (PFRDA) has set up an expert committee under M.S. Sahoo to design a framework for assured pension payouts under the National Pension Scheme (NPS). About M.S. Sahoo Committee: What it is? The M.S. Sahoo Committee is a 15-member expert group constituted to design …

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Nine Years of Insolvency and Bankruptcy Code (IBC)

Syllabus: Economy Source:  SSTV Context: The Insolvency and Bankruptcy Code (IBC) completed nine years of implementation, having resolved debt worth ₹26 lakh crore. About Nine Years of Insolvency and Bankruptcy Code (IBC): Origin and Purpose of IBC (2016) Introduced to replace inefficient debt recovery systems like SARFAESI, DRT, and SICA. Aims to create a time-bound, …

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IBBI to form ‘common panel’ of insolvency professional

Facts for Prelims (FFP) Source: Economic Times  Context: The Insolvency and Bankruptcy Board of India (IBBI) will create a “common panel” consisting of registered insolvency professionals (IPs). This list will be shared in advance with the adjudicating authority. For appointment as IRP (interim resolution professional), Liquidator, RP (resolution professional) and BT (bankruptcy trustee).   The …

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