Bankruptcy code: Govt notifies norms for insolvency resolution – Livemint
The government has notified the final regulations related to the insolvency resolution process under the Insolvency and Bankruptcy Code 2016. With the notification issued on Wednesday, the Insolvency and Bankruptcy Board (IBBI) became operational on Thursday. The IBBI, chaired by M.S. Sahoo, will act as the regulator of an ecosystem including insolvency professionals, agencies, and…