IBBI Regulations

The Insolvency and Bankruptcy Board of India (IBBI) Regulations govern the processes for resolving insolvency and bankruptcy in India. They set standards and procedures for individuals and companies unable to repay debts, ensuring fair treatment of creditors and debtors. The IBBI oversees and regulates professionals involved in these processes, like insolvency professionals and information utilities. These regulations aim to promote transparency, streamline insolvency proceedings, and enhance the ease of doing business, ultimately protecting stakeholders' interests and encouraging economic stability in the country.