Tag: The Insolvency & Bankruptcy Board of India

NEW DELHI: The Insolvency & Bankruptcy Board of India (IBBI) has reworked its regulations to provide more time for submission of claims in a move that will benefit creditors, especially homebuyers and government agencies, hit by insolvency action in the real estate sector.The new rules provide for extension of timeline for claim submission to either 90 days from the insolvency commencement date (ICD) or the date of issue of the latest request for resolution plan (RFRP), whichever is later. Currently, claims have to be filed within 90 days...