The IBC has almost completed two years of enactment, and has seen multiple amendments through ordinances.The enactment of the Insolvency and Bankruptcy Code (IBC) has created a paradigm shift in the regulatory framework and processes governing corporate insolvency. The IBC has almost completed two years of enactment, and has seen multiple amendments through ordinances.
With the objective to bring more clarity in the process of resolution, the Insolvency and Bankruptcy Board of India (IBBI) recently came out with a third amendment to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process of Corporate Persons) Regulations, 2016. The amended regulation provides model time-lines for completion of corporate …
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