Insolvency and Bankruptcy Proceedings Vis-a-Vis Financial Service Providers

Introduction Excepting the spate of neoteric amendments to the Insolvency and Bankruptcy Code, 2016 (IBC), the central government on 15th November, 2019 notified the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 (Rules).[i] The Rules subject the Financial Service Providers (FSP) to the process of Corporate Insolvency Resolution (CIRP) under the IBC. Intrinsically, FSP includes … Continue reading Insolvency and Bankruptcy Proceedings Vis-a-Vis Financial Service Providers