Bankruptcy Board notifies fast track resolution process for small cos. and startups

Bar & Bench June 17 2017

The Insolvency and Bankruptcy Board of India (IBBI) has notified the final norms for fast track corporate insolvency resolution process (CIRP).

The Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 (Regulations) have been notified to give effect to Chapter IV of the Insolvency and Bankruptcy Code, 2016.

Chapter IV of the Code provides for the substantive provisions relating to fast track insolvency, while the Regulations lay down . . .

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