The Insolvency and Bankruptcy Board of India has a statutory responsibility to gather and disseminate information about India's new insolvency and bankruptcy system. That system is still in its infancy, and the Board has a unique opportunity to design a comprehensive approach to generating,...

In 2016, the Indian Parliament passed the Insolvency and Bankruptcy Code (IBC). The Government has chosen to notify only the part on corporate insolvency. It is expected that the part on personal insolvency will be notified for individuals with business debt and personal guarantors. In this...

In December 2019, the Insolvency and Bankruptcy Board of India (IBBI) notified provisions for insolvencies of personal guarantors to corporate debtors under that country's Insolvency and Bankruptcy Code, thereby putting those provisions into force. The IBBI has released regulations for cases...