Draft Norms for Vol­un­tary Liq­ui­da­tion Is­sued

The Economic Times - - Companies: Pursuit Of Profit -

Draft reg­u­la­tions have been pre­pared for vol­un­tary liq­ui­da­tion that can be ini­ti­ated by a cor­po­rate per­son who has not com­mit­ted any de­fault. The norms have been pre­pared un­der the In­sol­vency and Bank­ruptcy Code. Un­der the Code, the In­sol­vency and Bank­ruptcy Board of In­dia (IBBI) is al­ready in place. — PTI

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