Centre Notifies Rules For Insolvency Resolution Of Financial Service Providers [Read Notification]

The Central Government on Friday notified the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019. These rules fill the legislative lacuna by setting out a special framework for insolvency and liquidation process of Financial Service Providers (FSPs). Considerably, last year,...