Ministry of Corporate Affairs has vide Notification S.O. 3687(E) dated 09.12.2016 has brought in force Chapter III of the Insolvency and Bankruptcy Code 2016 dealing with the liquidation process under the Code. The Chapter deals with the appointment of the Liquidator, his powers and duties and the procedure to be followed by the Liquidator under the new Code. The Notification is available here.
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