The Ministry of Corporate Affairs had set up four Working Groups to facilitate implementation of the Insolvency and Bankruptcy Code, 2016. The Working Group 3 had a mandate to deliberate and submit its recommendations on rules and regulations and other related matters for the insolvency and liquidation process under the Insolvency and Bankruptcy Code, 2016. This Working Group has submitted draft regulations for Fast Track Insolvency Resolution of Corporate Persons. To see the draft regulations CLICK HERE. A draft notification under Section 55(2) of IBC, 2016 for eligible corporate debtors has also been prepared. To see the draft notification CLICK HERE. Comments on each provision of the draft regulations and draft notification are invited by 8th May, 2017. You may submit your comments online in the feedback form given below or by email at feedback@ibbi.gov.in .

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