Search: due diligence
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August 2026
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InsolvencyIBBI discussion paper of 14 August 2026 proposed guidance for insolvency professionals on fraudulent or malicious initiation of CIRP under section 65; comments closed 24 August
Draft — comments closed 24 AugComments invitedIBBI’s discussion paper dated 14 August 2026 placed a draft circular for comments: nine illustrative indicators that should alert an insolvency professional to fraudulent or malicious initiation of CIRP, and an application to the Adjudicating Authority under section 60(5) read with section 65 where the professional forms that opinion. It was a proposal; the comment period ended on 24 August 2026.
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Foreign TradeDGFT advisory asks exporters, banks and ECGC to exercise heightened vigilance with two Thimphu-based firms: Trade Notice 19/2026-27 under para 8.07(d) of FTP 2023
Advisory: 2 Bhutanese firmsClarifiedDGFT has issued a precautionary advisory under para 8.07(d) of the Foreign Trade Policy 2023 against two Bhutanese entities — M/s Legoy Powersports and M/s Druk A-Z Store, both of Thimphu — after a complaint could not be resolved for want of response. EPCs, Regional Authorities, ECGC and AD banks are advised to exercise enhanced caution and due diligence.
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