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Amendments in IBBI Regulations
June 17 , 2022
794 days
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- The Insolvency Bankruptcy Board of India (IBBI) amended insolvency regulations.
- The amended insolvency regulations now require creditors to file information on assets and liabilities of their corporate debtors, as well as other relevant financial information while undergoing the corporate insolvency process.
- The Insolvency and Bankruptcy Code, 2016 creates a consolidated framework governing insolvency and bankruptcy proceedings for individuals, companies, and partnership firms.
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