The rules for individual insolvency under the Insolvency and Bankruptcy Code are likely to be notified by December.
“It will come in a phased manner. At this point, we are trying to cover corporate guarantors. That is our main issue. In the first phase, we are dealing with corporate guarantors and individuals having a business like proprietorship firms,” Ranjita Dubey, deputy general manager, Insolvency & Bankruptcy Board of India (IBBI), said.
Dubey was speaking on the sidelines of a round table on draft insolvency regulations on individuals and firms organised by the IBBI, in association with ICSI Insolvency Professional Agency and Merchants’ Cham…
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