India should look to make rapid strides towards introducing a comprehensive ‘individual insolvency’ regime now that it has achieved several milestones in corporate insolvency in recent years, according to IBBI Chairman M S Sahoo.
Giving a sense of direction to the reform agenda on IBC in the days to come, Sahoo has in an article written for a special publication to commemorate 4 years of existence of IBC also said that there may be a need to amend IBC to introduce the concept of pre-packs in India. Amendments to law may also be needed for the fresh start process to make it simpler, accessible and cost effective, Sahoo said in his write up on Insolvency Reforms: A Road Under Construction.
The publicationInsolvency and Bankruptcy Regime…
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