Wednesday, April 20, 2022

IBBI proposes tweaks in rules to reduce delays in corporate insolvency process

In the 10-page discussion paper, the insolvency regulator has proposed to impose an obligation on the committee of creditors (COC) to share all the documents they possess on the company with the insolvency resolution professional (IRP).

source https://economictimes.indiatimes.com/industry/banking/finance/banking/ibbi-proposes-tweaks-in-rules-to-reduce-delays-in-corporate-insolvency-process/articleshow/90954889.cms

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