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NBFC with asset size 500 crore or more can go for Insolvency resolution under IBC

November 19, 2019
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The insolvency resolution and liquidation proceedings of NBFC with asset size 500 crore or more shall be undertaken in accordance with the provisions of the Insolvency and Bankruptcy Code, 2016 read with the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019.
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