The IBBI Working Group on Group Insolvency (under the chairmanship of UK Sinha) and the MCA Cross Border Insolvency Rules/Regulations Committee having submitted their reports (collectively “Reports”) had recommended the introduction of a framework governing the resolution of enterprise groups under the Insolvency and Bankruptcy Code, 2016 (“IBC”) in September 2019 and December 2021 respectively.
India, Insolvency & Restructuring, Litigation, Shardul Amarchand Mangaldas & Co, Insolvency and Bankruptcy Code (India), Supreme Court of India, National Company Law Tribunal