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THE GAZETTE OF INDIA EXTRAORDINARY PART III, SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, TUESDAY, SEPTEMBER 20, 2022, INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 20th September
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Insolvency and Bankruptcy Board of India (IBBI) is a regulatory body that oversees the insolvency process in India.
Any entity or individual who is facing insolvency or bankruptcy proceedings is required to file with the IBBI.
To fill out the insolvency and bankruptcy board, one must provide detailed financial information and other relevant documents as required by the IBBI.
The main purpose of IBBI is to promote and regulate the insolvency process in India to ensure timely resolution of distressed assets.
Information such as financial statements, list of creditors, details of assets and liabilities, and proposed resolution plan must be reported on the insolvency and bankruptcy board.
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