Insolvency and Bankruptcy Board to formulate dedicated framework for SMEs soon
New Delhi, Sept 9 (KNN) Eyeing at addressing the concerns of the Micro, Small and Medium Enterprises (MSMEs) in the country under the Insolvency and Bankruptcy Code (IBC), the IBC Board of India is in the process of formulating a dedicated insolvency framework for the SMEs in the country.
M.S Sahoo, Chairman of the IBBI informed about the latest development during a press interaction.
Sahoo informed that at present the IBC framework primarily focusses on corporate insolvency and there is a need to extend or to come up with alternative framework…
Read the full article at: http://knnindia.co.in/news/newsdetails/economy/insolvency-and-bankruptcy-board-to-formulate-dedicated-framework-for-smes-soon
