New Delhi: The voluntary liquidation process for corporate insolvency is soon to be finalized.
The third working group on bankruptcy held its final meeting on Wednesday to finalize draft regulations for fast track corporate insolvency resolution and voluntary liquidation under the Insolvency and Bankruptcy Code (IBC).
The group is likely to submit its report by Friday, a person familiar with the developments said.
The report will be then be made available for public comments.
The insolvency and bankruptcy board (IBBI), in its meeting scheduled for 16-17 March, will discuss the public feedback and finalize regulations under the code, taking stakeholder views into consideration, the person quoted above said.
The final set of re…
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