Introduction: On 15th November’19, the Ministry of Corporate Affairs notified the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 (hereinafter the Rules). Section 3 (17) of the Insolvency and Bankruptcy Code (the Code) defines FSP as, “person engaged in the business of providing financial services in terms of authorization issued or registration granted by a … Continue reading Understanding India’s New Regime for Insolvency of Financial Service Providers