NEW DELHI: Putting in place the operational framework for insolvency and bankruptcy law, IBBI is being assisted by two advisory panels with inputs on various aspects, including on service providers and corporate liquidation.
IBBI has been set up under the Insolvency and Bankruptcy Code that seeks to consolidate and amend laws relating to reorganisation as well as insolvency resolution of corporate persons, partnership firms and individuals in a time-bound manner.
Pushing ahead with implementation of the Code, the Insolvency and Bankruptcy Board of India (IBBI) is gathering inputs from experts. In this regard, two high-level committees have been set up.
The nine-member advisory committee on service providers is headed by educationist…
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