IBBI, SEBI sign MoU for better implementation of IBC

IBBI, SEBI sign MoU for better implementation of IBC

• The Insolvency and Bankruptcy Board of India (IBBI) and the Securities and Exchange Board of India (SEBI) have signed MoU for effective implementation of the Insolvency and Bankruptcy Code, 2016 (Code) and its allied rules and regulations.

• They have agreed under the MoU to assist and co-operate with each other for the effective implementation of the Code, subject to limitations imposed by the applicable laws.

• The Insolvency and Bankruptcy Code, 2016 is the bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy.