Insolvency and liquidation proceedings for financial service providers may proceed with prescribed modifications under the amendment. Amendment to section 227 substitutes the words "examined in this Code" with "contained in this Code" and inserts an Explanation clarifying that insolvency ... Summary
Insolvency and liquidation proceedings for financial service providers may proceed with prescribed modifications under the amendment.
Amendment to section 227 substitutes the words "examined in this Code" with "contained in this Code" and inserts an Explanation clarifying that insolvency and liquidation proceedings for financial service providers or categories of financial service providers may be conducted with such modifications and in such manner as may be prescribed.
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