With individual insolvency now identified as IBBIs next big reform area, the insolvency regulator has decided to appoint an external institution or an agency for undertaking a research study on individual indebtedness and insolvency.
This external agency once selected by IBBI will have a maximum of one year to complete the research report. Insolvency and Bankruptcy Board of India (IBBI) has invited Expression of Interest from institutions / organisations/ agencies to undertake the research study, sources said.
The research questions that the external agency may be asked to look at include the levels and category of personal debts that could be covered under the individual insolvency framework; whether lack of health insurance correlat…
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