Insolvency Board notifies IU and voluntary liquidation guidelines

The Insolvency and Bankruptcy Board of India (IBBI) last week notified two extremely crucial pieces of the (insolvency) puzzle.

On 31st March, 2017, the regulations relating to Information Utilities (IU) and Voluntary Liquidation were notified by the government. The simultaneous notification of both, however, is not because one is dependent on the other. Both regulations have come into effect from 1st April, 2017.

Information Utilities

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