Tag: Insolvency and Bankruptcy Rules 2019
December 4, 2019
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
New Rules bring Financial Service Providers under the a...
The Ministry of Corporate Affairs ("MCA") vide its press release dated November 15, 2019 has notified the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 ("Rules"). The Rules provide a framework for the insolvency and liquidation proceedings of systematically important Financial Service Providers ("FSPs") excluding banks. ...