The Insolvency and Bankruptcy Board of India (IBBI) amended regulations relating to the insolvency resolution process, and the fast-track insolvency resolution process for corporate persons under the Insolvency and Bankruptcy Code, 2016 (IBC), on 16 August introducing a category of “other” creditors who can submit claims under the IBC and the procedure with which such claims can be filed.
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The business law digest is compiled by Nishith Desai Associates (NDA). NDA is a research-based international law firm with offices in Mumbai, New Delhi, Bengaluru, Singapore, Silicon Valley and Munich. It specializes in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner.
