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Nine years ago, India’s insolvency system was clogged with delays, uncertainty, and weak creditor rights. Defaults often dragged on for years, and liquidation was the norm. The Insolvency and ...
The government on Tuesday introduced amendments in the Insolvency and Bankruptcy Code focused around creditor-led resolution, cross-border insolvency and corporate group bankruptcy. Finance Minister ...
It is welcome that the government has brought in a bill to amend the Insolvency and Bankruptcy Code (IBC) of 2016. It is equally welcome that the bill in Parliament has been referred right away to a ...
The government is considering ways to harmonize PMLA and IBC to prevent conflicts in real estate bankruptcies. The move aims ...
The Insolvency and Bankruptcy Code in India aids banks in reducing non-performing assets by enforcing a robust framework for ...
New Delhi [India], August 12 (ANI): A bill that introduces a "creditor-initiated insolvency resolution process" with an out-of-court initiation mechanism for genuine business failures to facilitate ...