IBBI amends norms for insolvency resolution process for corporate persons

Insolvency and Bankruptcy Board of India(IBBI) has made several changes to regulations around insolvency resolution process for corporates as well as the liquidation process. The amendments require completion of liquidation process within one year of its commencement notwithstanding the pendency of applications for avoidance transactions. The amendments also specifies a maximum time of 90 days… Continue reading IBBI amends norms for insolvency resolution process for corporate persons