Updated: December 21, 2015 7:17 am
The government will introduce a comprehensive bankruptcy Bill in Parliament on Monday, a move that could allow faster unlocking of stressed corporate assets and boost creditors ability to recover debts.
The finance minister will introduce the Insolvency and Bankruptcy Bill in Parliament tomorrow, economic affairs secretary Shaktikanta Das tweeted on Sunday.
The Bankruptcy Law Reforms Commission led by former law secretary TK Viswanathan has proposed ways to check the delaying tactics of corporate borrowers and help lenders to take management decisions in defaulting firms to trigger business…
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