IBBI draft rules require promoters to disclose crypto, foreign assets and more in bankruptcy

Apr 3, 2026 - 06:00
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IBBI draft rules require promoters to disclose crypto, foreign assets and more in bankruptcy
Under the proposed rule, whether promoters file for bankruptcy voluntarily or are forced into it by their banks, they must now report their ownership of crypto assets, retirement funds, any assets held abroad, as well as all beneficial ownership of assets not in their name.

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