Screen Indian Vendors for Insolvency Risk With IBBI

An insolvency check belongs beside company-registration and tax checks in an Indian vendor workflow. It should not be a black-box pass/fail flag. Registry results need enough context for a reviewer to confirm that the record refers to the same legal entity.

Thirdwatch's IBBI Scraper searches public Insolvency and Bankruptcy Board of India records for corporate debtors and insolvency professionals.

Run a focused corporate-debtor search

Use the vendor's legal name from its MCA record, not the brand shown on its website.

{
  "queries": ["Jet Airways", "Reliance Capital", "Videocon"],
  "searchType": "corporate_debtor",
  "status": "all",
  "maxResults": 30
}

For ongoing monitoring, change status to ongoing. Keep an all-status search during initial due diligence because prior proceedings may still matter to your policy.

Treat matching as a review step

Normalize punctuation and common company suffixes when ranking possible matches, but retain the original values. Do not approve or reject solely because a shortened query resembles a registry name.

Route a candidate match to review with:

• the submitted vendor name and CIN;
• the matched corporate-debtor name;
• proceeding status and relevant dates;
• the IBBI notice or source URL;
• the time the check ran.

The source notice is essential. It lets the reviewer confirm identity and understand whether the record is an admission, liquidation notice, claim deadline, or another publication.

Monitor changes without repeating alerts

Save a stable source URL or case identifier for each confirmed record. On the next scheduled run, alert only when a new identifier appears or a tracked status changes. A daily job that emails the same historical matches trains people to ignore it.

Separate collection health from risk status. Zero results may mean no matches, while a failed crawl means the check did not happen. Your workflow should represent those as CLEAR_AT_CHECK_TIME and CHECK_FAILED, not the same empty value.

Combine sources carefully

MCA, GST, and IBBI answer different questions. MCA establishes the corporate record, GST checks a tax registration, and IBBI publishes insolvency-related records. Keep the raw response and timestamp from each source rather than collapsing them into a single unexplained score.

Use the IBBI Scraper actor page to test a known company, then connect the dataset to your vendor-review queue or counterparty monitor.