Stock Broker is a Financial Service Provider - The NCLAT ruling may offer respite

While the Insolvency and Bankruptcy Code, 2016 (“IBC”) provides for insolvency resolution and liquidation of ‘corporate persons’, it excludes ‘financial service provider’ (“FSP(s)”) from the said provision.

Filed under:
India, Banking, Company & Commercial, Insolvency & Restructuring, Litigation, Cyril Amarchand Mangaldas, Liquidation, Securities and Exchange Board of India, Insolvency and Bankruptcy Code (India), National Company Law Tribunal
Authors:
Abhishek Mukherjee , Monil Chheda , Tushar Kumar
Location:
India
Firm:
Cyril Amarchand Mangaldas