Section 227 of IBC : Section 227: Power Of Central Government To Notify Financial Service Providers, Etc
IBC
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Explanation using Example
Imagine a scenario where a prominent non-banking financial company (NBFC) is facing severe financial distress and is unable to repay its debts. Under normal circumstances, the insolvency resolution process for such a company would be complex due to the specific regulations governing financial entities. However, Section 227 of the Insolvency and Bankruptcy Code, 2016, allows...
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