NEW DELHI: The Insolvency & Bankruptcy Board of India (IBBI) is expected to finalise crucial amendments to regulations – from those seeking to make life simpler for home buyers to those for personal and companies’ insolvency proceedings, insolvency professionals and liquidation – next month as it seeks to improve the seven-year-old regime and improve its overall functioning.
The move comes amid indications that the government may not introduce the much-discussed amendments to the Insolvency & Bankruptcy Code (IBC) as well as the Companies Act in the forthcoming winter session of Parliament and limit the finance ministry’s legislative agenda to the supplementary demand for grants, sources familiar with the legislative exercise told TOI…
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