Policy & Ethicsinsolvencycreditor oversightcorporate debtregulation
IBBI Proposes Stricter Tests For Bankruptcy Going-Concerns
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6.9
The Insolvency and Bankruptcy Board of India on Monday released draft regulations proposing that businesses entering insolvency be tested for viability within the first 30 days and that interim resolution professionals limit operations. The draft, which also allows delayed creditor claims, excludes certain related-party operational creditors and tightens creditor recordkeeping, is open for public comment until March 10 to strengthen oversight and reduce value erosion.
Scoring Rationale
Official IBBI draft proposes substantive insolvency procedural reforms; limited relevance to data science reduces portal impact.
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