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MCA notifies rules on Insolvency and liquidation proceedings of financial service provider

November 15, 2019
The Ministry of Corporate Affairs has notified the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 wherein various provisions related to CIRP of financial service providers, filing of application fee, liquidation process, insolvency professional and so on have been discussed.
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