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IBBI amends voluntary liquidation norms; permits corporate person to replace liquidator

August 10, 2020
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IBBI amends the IBBI (Voluntary Liquidation Process) Regulations, 2017. Amendment made to the Regulations provides that the corporate person may replace the liquidator by appointing another insolvency professional as liquidator by a resolution of members or partners, or contributories, as the case may be. The amended regulations are effective from 05.08.2020
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