IBBI issues Clarification on requirement of seeking No Objection Certificate or No Dues Certificate from Income Tax Dept. during Voluntary Liquidation Process under IBC [Read Circular]

The Insolvency and Bankruptcy Board of India (IBBI) issued the clarification on the requirement of seeking a No Objection Certificate or No Dues Certificate from the Income Tax Department during the Voluntary Liquidation Process under IBC. Regulation 14 of the IBBI (Voluntary Liquidation Process) Regulations, 2017 (the Regulations) mandates the liquidator to make the public […]
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