Alerts & Updates 23rd Aug 2018
The Insolvency and Bankruptcy Board of India (“IBBI”) has signed a memorandum of understanding (“MoU”) on 12 March 2018 with the Reserve Bank of India (“RBI”) to assist and co-operate with each other for the effective implementation of the Insolvency and Bankruptcy Code, 2016 (“Code”). The announcement has been made vide a press release issued by IBBI (available here).
The MoU between IBBI and RBI (“Parties”) provides for the following:
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