BHUBANESWAR: The regulatory authority is making all arrangements for implementation of individual insolvency norms in the country as soon as possible, said Insolvency and Bankruptcy Board of India (IBBI) chairman, MS Sahoo.
Speaking at a national conference organised by Indian Chamber of Commerce (ICC) on Insolvency and Bankruptcy Reforms: Code Demystified here on Saturday, Sahoo said work has already begun on group insolvency norms. “Around 300 companies are under voluntary liquidation process and more than 1,000 corporate debtors are under corporate insolvency process.
The debtors who were earlier making late payment of their loan dues are willing to pay after the Insolvency and…
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