Insolvency and Bankruptcy Board of India (IBBI)

The Insolvency and Bankruptcy Board of India (IBBI) is a regulatory authority that oversees the processes for dealing with insolvency and bankruptcy for companies and individuals in India. Established in 2016, its main aim is to promote and regulate insolvency proceedings, ensuring fair treatment for creditors and debtors. The IBBI sets rules and guidelines for insolvency professionals, promotes the insolvency framework, and aims to quickly resolve financial distress situations, facilitating an orderly exit for businesses that cannot survive, thereby contributing to a healthier economy.