UK Sinha-Headed Working Group To Suggest Suitable Framework

The Insolvency and Bankruptcy Board of India (IBBI) has set up an 11-member working group under the Chairmanship of former SEBI chief UK Sinha to go into the concept of ‘Group Insolvency’ and suggest a suitable framework.

This Working Group has been tasked to submit a report — within two months — recommending a complete regulatory framework to facilitate insolvency resolution and liquidation of corporate debtors in a Group.

Source- The Hindu Business Line

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