IBBI proposes ownership disclosures to enhance IBC integrity
pre-market1 source ↓written by the desknot a recommendation
The Insolvency and Bankruptcy Board of India (IBBI) has proposed new disclosure requirements for bidders to prevent misuse of the Insolvency and Bankruptcy Code (IBC). This includes revealing all natural persons with ultimate ownership and details of intermediate entities. The draft aligns with the Reserve Bank of India’s regulatory framework, aiming to strengthen the corporate insolvency resolution process.
Not investment advice. For informational purposes only.