April 05, 2026
Submitted By: Vaibhav Tripathi
Notification under section 227 read with rule 10 of the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019
Government notifies framework for handling third-party assets of financial service providers during insolvency, mandating segregation, continued servicing obligations, and proper return or transfer by the Administrator.
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