How the Insolvency code is evolving, and resolutions could be faster under new proposals
In a move that could speed up the insolvency process for defaulting companies, the Insolvency and Bankruptcy Board of India (IBBI) has published a series of discussion papers. The Parliament recently passed the Insolvency and Bankruptcy Code (IBC) Amendment Bill. It received the President’s assent on April 6. The resolutions proposed by the IBBI are aimed…

