IBBI issues circular on withdrawal of unclaimed or undistributed amounts of corporate voluntary liquidation account.
The Insolvency and Bankruptcy Board of India (IBBI) has issued a circular on withdrawal of unclaimed or undistributed amounts of corporate voluntary liquidation account. Regulation 39 of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 provides a framework for the management of unclaimed deposits and undistributed proceeds during the voluntary liquidation…
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