The corporate affairs ministry has approved setting up of an IBC21 portal on the lines of the current MCA21 portal to create a repository of data related to insolvency and bankruptcy proceedings and also be able to monitor the status of activities for each ongoing process, a senior government official told Business Standard. A detailed project report is underway.

       The project will be headed by the Insolvency and Bankruptcy Board of India (IBBI) and executed by an external agency on lines of the MCA21 portal which is being implemented by L&T Infotech. The IBC21 would have all the ...