The regulations come under the Insolvency and Bankruptcy Code.
New Delhi: The Insolvency and Bankruptcy Board on Tuesday sought comments from the public on draft norms for insolvency resolution process for individuals running businesses and personal guarantors. Comments have been sought on draft regulations pertaining to insolvency resolution process for individuals and firms.
Views have also been invited on draft norms relating to application to adjudicating authority for insolvency resolution process for individuals and firms.
The regulations come under the Insolvency and Bankruptcy Code (IBC).
For now, the Insolvency and Bankruptcy Board of India (IBBI) is looking to put in place the framework for insolvency process in relation to two cat…
Read the full article at: https://www.ndtv.com/business/bankruptcy-board-seeks-views-on-individual-insolvency-process-1761217
