Category : Government Schemes
The Insolvency and Bankruptcy Board of India (IBBI) has set up an 11-member working group under the Chairmanship of former SEBI chief UK Sinha to go into the concept of ‘Group Insolvency’ and suggest a suitable framework. This Working Group has been tasked to submit a report — within two months — recommending a complete regulatory framework to facilitate insolvency resolution and liquidation of corporate debtors in a Group. |
Source- The Hindu Business Line |
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