(Feb 25): The Indian government is considering changes to its bankruptcy laws, including streamlining court processes, amid growing concerns over lengthy proceedings and low recovery rates.
The Insolvency and Bankruptcy Board of India is finalising a set of proposals aimed at speeding up resolution. Public consultation is set to end Tuesday, though the deadline may be extended.
Global investors have long been cautious about lending in India, where insolvency cases can often run for years with poor recoveries. While Prime Minister Narendra Modi’s administration revamped bankruptcy laws about a decade ago, mandating resolutions within 330 days, cases routinely exceed that limit. The delay erodes asset values as well as recovery rates for…
