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IBC - Highlights / Catch Notes

Home Highlights May 2024 Year 2024 This

The Insolvency and Bankruptcy Board of India (IBBI) has directed ...


Insolvency Professionals must upload judicial orders on their dashboard for transparency and stakeholder facilitation.

Circulars     Insolvency and Bankruptcy

May 25, 2024

The Insolvency and Bankruptcy Board of India (IBBI) has directed all Registered Insolvency Professionals to upload specific judicial orders related to insolvency proceedings on their dashboard. This includes orders from NCLT/NCLAT such as admission, resolution plan approval, closure, stay, liquidation, dissolution, and final orders. For Supreme Court and High Court orders, all relevant orders must be uploaded, especially those involving IBBI/Ministry of Corporate Affairs or significant Code-related issues. IPs must upload these orders after downloading from official judicial websites, exercising caution. The directive is issued u/s 196 of the Code to enhance stakeholder facilitation in the IBC ecosystem.

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