Indias Ministry of Corporate Affairs has issued a circular inviting public comment on seven regulations associated with the Insolvency and Bankruptcy Code (IBC). Public feedback will be sought for a period of 30 days starting April 18, 2024.
Indias corporate affairs ministry (MCA) has proposed regulatory changes on various aspects of the Insolvency and Bankruptcy Code (IBC), including insolvency proceedings at the National Company Law Tribunal (NCLT), the insolvency and liquidation process for financial service providers (FSPs), the resolution process for personal guarantors, pre-packaged insolvency procedures, and the format of annual reports.
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Only selected stakeholders have been invited to submit responses wi…
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