Govt amends insolvency law; introduces pre-packaged resolution process for MSMEs
An ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) on April 4, according to a notification.
An ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) on April 4, according to a notification.
The code came into force in December 2016 and the first resolution case was approved in August 2017.
The insolvency law might be amended depending on recommendations of the panel reviewing issues related to the legislation, including those…
Wilful defaulters and entities whose accounts have been classified as NPAs will be barred from bidding for assets under the…
The government will come out with an ordinance to make certain amendments to the Insolvency and Bankruptcy Code, Corporate Affairs…
