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of <h1>New Insolvency Rules for Financial Service Providers Effective from November 2019 Under Insolvency and Bankruptcy Code 2016.</h1> These rules, titled the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019, were established by the Central Government under the authority of the Insolvency and Bankruptcy Code, 2016. They pertain to the insolvency and liquidation proceedings of financial service providers and the application process to the adjudicating authority. The rules came into effect upon their publication in the Official Gazette on November 15, 2019, as notified by the Ministry of Corporate Affairs.
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