India Insolvency

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This project aims to support the Insolvency and Bankruptcy Board of India (IBBI) in strengthening the implementation of India's new insolvency and bankruptcy framework, the Insolvency and Bankruptcy Code (IBC), 2016. This project focuses on four key areas: 1. Building the capacity of insolvency professionals in the country and of IBBI's own officers, through dedicated and customized training programs that will be delivered based on the WBG's global experience in insolvency resolution and stressed asset management 2. Assisting the IBBI in the development of a comprehensive National Insolvency Professionals Program, which will incorporate international best practices and lead to the development of a competent and accredited cadre of insolvency professionals 3. Working with the IBBI in developing the functional and technical specifications for an IT system that will support them in fulfilling their mandate as the regulator for insolvency and bankruptcy in the country 4. Assisting the IBBI in development of technology standards and identification of information and data needs for Information Utilities and provision of inputs on draft regulations for them.