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1 December, 2016
Ever since the Insolvency and Bankruptcy Code, 2016 (IBC) was passed by Parliament, the Ministry of Corporate Affairs (MCA) has been notifying portions of the IBC selectively as and when supporting infrastructure was created.
Set out below are some of the major provisions of the IBC, the related Central Government Rules and the Insolvency and Bankruptcy Board of India (IBBI) Regulations, which have been notified.
A. Insolvency Professionals and Insolvency Professional Agencies
The IBBI notified three regulations this month:
(1) IBBI (Insolvency Professionals) Regulations, 2016 (IP Regulations), which took effect on November 29, 2016.
The IP Regulations set …
Read the full article at: http://www.conventuslaw.com/report/india-bankruptcy-code-on-its-way/