NEWS LETTER of LIQUIDATION PROCESS – REJIGGED

The Insolvency and Bankruptcy Code, 2016 (IBC) has brought in a paradigm shift in the corporate insolvency resolution and liquidation processes through a pro-active, time bound and structured process. With the amendments brought into force with effect from 25th July 2019, to IBBI (Liquidation Process) Regulations, 2016 and the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, the liquidation process will now be more structured and time efficient. We have given a summary of the amendments brought by the amendments to Liquidation Process Regulations.

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