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of <h1>IBBI and RBI Sign MoU to Boost Insolvency Code Implementation, Enhance Cooperation, and Maximize Asset Value for Stakeholders.</h1> The Insolvency and Bankruptcy Board of India (IBBI) and the Reserve Bank of India (RBI) have signed a Memorandum of Understanding (MoU) to enhance cooperation for the effective implementation of the Insolvency and Bankruptcy Code, 2016. The agreement focuses on sharing information and resources, conducting periodic meetings, cross-training staff, and building capacity among insolvency professionals and financial creditors. The collaboration aims to improve the insolvency resolution process, promote entrepreneurship, and balance stakeholder interests by maximizing asset value and ensuring swift resolutions for distressed borrowers.
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