New Delhi: The Insolvency and Bankruptcy Board of India (IBBI) is scheduled to hold its second meeting around 11-12 November to discuss and finalize the draft rules under the Insolvency and Bankruptcy Code, 2016.
The draft rules were notified earlier this month and put out for public comments till 31 October. The Centre has till now notified six draft regulations under the code prepared by a working group of experts.
It is expected that the board, at next months meeting, will discuss the public comments and finalize draft rules to be notified under the code, taking stakeholders views into consideration.
The draft rules, when finalized, will be another step to implementing the bankruptcy code and in the process improving the …
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