Scope of insolvency rules to be expanded to individual businesses – Livemint
The existing insolvency and bankruptcy code, at present, applies only to corporate defaulters. Photo: iStockphoto New Delhi: The government on Tuesday expanded the scope of the new insolvency rules to bring individual businesses under its purview. On Tuesday, the Insolvency and Bankruptcy Board of India (IBBI) published the draft rules dealing with insolvency resolution process…