ED broadens investigation into potential IBC proceedings irregularities

The Enforcement Directorate has widened its investigation into potential irregularities within Insolvency and Bankruptcy Code (IBC) proceedings. The probe examines possible violations in how insolvency cases are being handled and resolved.

The IBC, enacted in 2016, establishes a structured, time-bound framework for resolving company insolvencies and maximising recoverable value from distressed assets. The ED's expanded scrutiny suggests concerns about procedural compliance or financial irregularities during insolvency resolution processes.