IBBI issued circular to enhance transparency and stakeholder engagement in liquidation process
The Insolvency and Bankruptcy Board of India (IBBI) issued circular to enhance transparency and stakeholder engagement in liquidation process Circulation of progress reports to stakeholders Regulation 15 of Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (Liquidation Regulations) provides that the liquidator shall submit Progress Reports, to the Adjudicating Authority (AA) and the…
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