New Delhi: The government has come out with draft norms for registration of insolvency professionals and agencies under the Insolvency and Bankruptcy Code.
Reuters
While the Code is in the process of being implemented, the government has already set up the Insolvency and Bankruptcy Board of India (IBBI), chaired by M S Sahoo.
The Corporate Affairs Ministry has issued the draft regulations, which would be finalised after taking into consideration views of stakeholders.
The draft regulations pertain to registration of insolvency professionals, agencies and model bye-laws. It has been drafted by a working group of experts set up by the ministry.
The panel was constituted as part of the process for implementing the Code, the Ministry said in a no…
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