IBC amendments to boost recovery rates for banks: Report

Home » General » Business » IBC amendments to boost recovery rates for banks: Report New Delhi, Dec 29 (SocialNews.XYZ) The proposed amendments to the Insolvency and Bankruptcy Code (IBC) such as introduction of group insolvency, cross-border insolvency and creditor-initiated insolvency are encouraging as they could boost recovery rates which been persistently low due to…

IBC amendments to boost recovery rates for banks: Report

The proposed amendments to the Insolvency and Bankruptcy Code (IBC) such as introduction of group insolvency, cross-border insolvency and creditor-initiated insolvency are encouraging as they could boost recovery rates which been persistently low due to the lengthy resolution process, according to a report released on Monday. The strengthening of NCLT and NCLAT manpower along with…