Constitution of Insolvency Law Committee

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..... o corporate insolvency resolution and liquidation of the Insolvency and Bankruptcy Code, 2016 (the Code) were commenced in the month of December, 2016. As on date, more than 300 cases have been admitted for resolution by the Adjudicating Authority i.e., National Company Law Tribunal. References/ suggestions from various stakeholders have also been received for further improvement in the processes .....

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..... tners Member 10. Sh. B Sriram, MD, Stressed Assets Resolution Group, State Bank of India Member 11. President, Institute of Chartered Accountants of India Member 12. President, Institute of Cost Accountants of India Member 13. President, Institute of Company Secretaries of India Member 14. Joint Secretary (Policy/ Insolvency), Ministry of Corporate Affairs Member Secretary 3. .....

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..... be eligible for travelling, conveyance and other allowances as per extant government instructions, wherever the sponsoring agency is unable to bear their expenditure. Secretarial support to the Committee will be arranged by Ministry of Corporate Affairs/ Insolvency and Bankruptcy Board of India. 1[6. The Committee shall submit its recommendations within three months from its first meeting.] 7. .....

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