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The Insolvency and Bankruptcy Board of India (IBBI) is the regulator for overseeing insolvency proceedings and entities like Insolvency Professional Agencies (IPA), Insolvency Professionals (IP) and Information Utilities (IU) in India.
In India, bankruptcy and insolvency are generally regulated by the Insolvency and Bankruptcy Code 2016. The Insolvency and Bankruptcy Board of India (IBBI) is the regulator for overseeing insolvency proceedings and entities like Insolvency Professional Agencies (IPA), Insolvency Professionals (IP) and Information Utilities (IU) in India.
In the UK, insolvency practitioners are subject to oversight and inspection by their recognised professional body. Insolvency is a regulated profession under the Insolvency Act 1986 [1] and anyone who wishes to practise as an IP needs to pass the JIEB exams; a set of three examination papers set by the Joint Insolvency Examination Board (JIEB ...
Insolvency vs. bankruptcy The terms insolvency and bankruptcy are sometimes used interchangeably. However, while both situations stem directly from financial problems, they have little else in common.
She is the first insolvency professional in India to be registered with the Insolvency and Bankruptcy Board of India. [2] [3] She is serving as Independent Director at Balrampur Chini Mills Limited and Emami and as Director at Century Plyboards. [4] [5] [6] She is one of the directors at Rupa & Company Limited [7]
Filing for bankruptcy, on the other hand, is a legal process that involves listing your debts and assets and finding a way to resolve the debts. Default and bankruptcy usually go hand in hand.
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