Comments on Discussion Paper on Corporate Liquidation Process
-Resolution Division
The Insolvency and Bankruptcy Board of India (‘IBBI’/ ‘Board’) issued Discussion Paper on Corporate Liquidation Process, dated 26th August, 2020 (‘DP’)[1] which envisages the introduction of (a) Assignment of Not Readily Realisable Assets (‘NRRA’) and (b) Assignment of Claims/ Interests.
Herein below we put forth our general and specific comments/ suggestions on the DP-