New Delhi: The government notified on Tuesday draft regulations outlining the process by which companies can go through liquidation and insolvency under the Insolvency and Bankruptcy Code, 2016.
These regulations are part of the rules being notified to implement the bankruptcy code and in the process improve the ease of doing business in India.
Last week, the centre had come out with draft regulations for registration of insolvency professionals and agencies under the code.
Tuesdays draft regulations pertain to insolvency resolution process for corporates, liquidation of insolvent corporates and application to judicial authority. They have been put up for stakeholder feedback, the last date for which is 31 October. The rul…
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