IBBI invites Comments on Draft Regulations/ Notification for Fast Track Resolution Process for Eligible Corporate Persons
The MCA had set up four Working Groups to facilitate implementation of the Insolvency and Bankruptcy Code (IBC), 2016.
The Working Group 3, having mandate to deliberate and submit its recommendations on rules and regulations and other related matters for the insolvency and liquidation process under the Insolvency and Bankruptcy Code, 2016, has submitted draft regulations for Fast Track Insolvency Resolution of Corporate Persons.
A draft notification under Section 55(2) of IBC, 2016 for eligible corporate debtors has also been prepared by MCA.
The IBBI has invited comments on provisions of the draft regulations and draft notification relating to Fast Track Insolvency Resolution of Corporate Persons, latest by 8th May, 2017. You may submit your comments online in the feedback form given below or by email at firstname.lastname@example.org