How to make India’s insolvency system clearer? Lok Sabha committee suggest changes to Insolvency and Bankruptcy Code- The Week

A Lok Sabha select committee has suggested several changes to the Insolvency and Bankruptcy Code (IBC) to make India’s insolvency system clearer, faster, and less prone to legal disputes. The committee, headed by BJP MP Baijayant Panda, submitted its report to the Lok Sabha nearly four months after the Insolvency and Bankruptcy Code (Amendment) Bill,…

The Threat of Bankruptcy as an Opportunity: New Legal Requirements and Management Responsibility: Karen Kroyan | Ukrainian News

Opinion The “Threat” is intended to inform businesses about the need to take measures to prevent bankruptcy. Deterioration of financial performance or the emergence of negative circumstances can cause a crisis at the enterprise and the loss of the ability to fulfill monetary obligations to creditors,… Read the original article here