The Insolvency and Bankruptcy Board of India (IBBI) has proposed four key amendments to the insolvency resolution framework for personal guarantors to corporate debtors.
Insolvency Framework Latest News
- The Insolvency and Bankruptcy Board of India (IBBI) has proposed four key amendments to the insolvency resolution framework for personal guarantors to corporate debtors.
- The objective is to strengthen safeguards available to banks and other creditors and bring the process closer to the protections provided under the Corporate Insolvency Resolution Process (CIRP).
- The proposals have gained significance following the controversy surrounding the repayment plan approved in the Subhash Chandra case.
- The case had raised questions over…