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of <h1>IBBI Invites Public Input to Simplify Insolvency Code Compliance; Submit Suggestions by December 31, 2023.</h1> The Insolvency and Bankruptcy Board of India (IBBI) is seeking public and regulated entity suggestions to simplify, ease, and reduce the cost of compliance with regulations under the Insolvency and Bankruptcy Code, 2016. This initiative follows the Union Budget 2023-24 announcement, aiming for a comprehensive review of existing regulations. Suggestions can be submitted online until December 31, 2023. IBBI employs a dual-review mechanism, conducting annual reviews and a three-year review cycle, with the most recent cycle completed in 2021. The process is designed to ensure transparency and effectiveness in regulatory compliance.
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