The window for submitting stakeholder comments on draft regulations for voluntary liquidation under the Insolvency and Bankruptcy Board of India (IBBI) closes today.
On February 14, the board had invited public comments on the Draft Regulations for Voluntary Liquidation giving time till March 8.
The Ministry of Corporate Affairs had set-up four working groups of experts and practitioners to facilitate implementation of the Insolvency and Bankruptcy Code, 2016. The Working Group-3, which had earlier developed draft regulations for corporate insolvency resolution and liquidation process, was responsible for submitting the draft regulations for Voluntary Liquidation of Corporate Persons.
The draft regulations outline various conditions…
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