Published:August 24, 2016 2:57 am
Finance Minister Arun Jaitley on Tuesday directed senior officials of the ministries of finance and corporate affairs to take necessary action for implementation of Insolvency and Bankruptcy Code (IBC) 2016 in a time-bound manner.
The finance minister said that an immediate action is required on the key requirements for implementation of the IBC including setting up of Insolvency and Bankruptcy Board of India (IBBI), notifying rules and regulations relating to insolvency professionals (IPs), insolvency professional agencies (IPAs) and corporate insolvency among others,…
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