IBBI eases rules for voluntary liquidation

The Insolvency and Bankruptcy Board of India (IBBI) has notified several changes to the voluntary liquidation regulations, reducing the timeframe for a corporate to exit the business to just 90 days if no claims are received from any creditor.

This shall aid in further enhancing the freedom of exit for investors as part of the government efforts to enhance ease of doing business, experts said.

IBBI has also introduced a compliance certificate under a new Form H.