The Insolvency and Bankruptcy Board of India (IBBI) has amended its regulations to allow sale of one or more assets of an entity undergoing insolvency resolution process
The Insolvency and Bankruptcy Board of India (IBBI) has amended its regulations to allow sale of one or more assets of an entity undergoing insolvency resolution process. During the liquidation period, the Committee of Creditors (CoC) can now examine whether a compromise or an arrangement can be explored for a corporate debtor. Till June, 2022,…