New IBC rules to force quick settlements, block tactical delays by promoters
New Delhi: Promoters seeking to halt bankruptcy proceedings by repaying creditors will need to settle dues at an early stage, instead of waiting for rival bids from potential investors, under amendments to India’s Insolvency and Bankruptcy Code (IBC) now before Parliament, experts said. The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 seeks to overhaul the…

