Insolvency rules for individuals by December

Insolvency rules for individuals by December

FPJ BureauUpdated: Thursday, May 30, 2019, 02:28 AM IST
article-image

Kolkata : The rules of the new insolvency regulations to bring individual businesses under its purview are likely to be in place soon, an official of the Insolvency and Bankruptcy Board of India (IBBI) said on Friday.

“The rules and regulations for the first phase for Insolvency Regulations for Individuals and Firms is expected to be in place by December this year,” IBBI DGM Ranjita Dubey said. The draft rules dealing with insolvency resolution process of individuals and firms was put on the website for public comments with a deadline of 31 October.

RECENT STORIES

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu..."; Here's How To Save...

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu...

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

A Big Relief For Byju's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29 Amid...

A Big Relief For Byju's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29 Amid...