Re-Constitution of Insolvency Law Committee as Standinq Committee for review of implementation of Insolvency & Bankruptcy Code, 2016

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..... 3.2019 ORDER Subject: - Re-Constitution of Insolvency Law Committee as Standing Committee for review of implementation of Insolvency Bankruptcy Code, 2016 The provisions relating to insolvency resolution for corporate persons (Part II of the Insolvency and Bankruptcy Code, 2016 ), regulation of insolvency professionals, agencies, information utilities and establishment of the In .....

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..... ate liquidation process and to address new issues viz cross border insolvency, individual insolvency, group insolvency, avoidance action, Boards investigation powers regulatory functions etc, it was considered prudent to have an advisory body for guidance stakeholders consultations on the issues of implementation of code on continuous basis. 3.. Accordingly, in supersession of the Order No .....

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..... Nominee of RBI not below the rank of Executive Director Member 7. Sh. Sunil Mehta, MD CEO Punjab National Bank Member 8. Sh. Uday Kotak, President Designate, Cll and MD CEO Kotak Mahindra Bank Member 9. Sh. Shardul Shroff, Ex .....

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..... tee will analyze the functioning implementation of the Code identifying issues impacting the efficiency and effectiveness of the corporate insolvency resolution and liquidation framework prescribed under the Code and make suitable recommendations to address such issues. The Committee will also study the insolvency resolution and bankruptcy framework for individuals and partnership firms and make .....

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..... oard of India. 6. The Committee shall submit its recommendation to Ministry from time to time as directed by Chairperson of the Committee. 7. This issues with the approval of Competent Authority. (Rakesh Tyagi) Director - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com .....

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