Insolvency and Bankruptcy Tribunal

The Insolvency and Bankruptcy Tribunal (IBT) is a specialized court that handles cases involving individuals, companies, or partnership firms unable to pay their debts. Its purpose is to resolve insolvency issues efficiently, determine the debtor’s financial situation, and facilitate the process of debt repayment or relief. The tribunal ensures a fair and transparent process for both creditors and debtors, aiming to maximize asset recovery and provide a fresh start where possible. It operates under the Insolvency and Bankruptcy Code, promoting economic stability and orderly resolution of financial distress.