NEW DELHI: Less than a year after it kicked in, the government on Thursday appointed a committee headed by corporate affairs secretary I Srinivas to review the Insolvency & Bankruptcy Code (IBC) to address concerns and remove glitches.
The 14-member committee which includes Insolvency & Bankruptcy Board of India (IBBI) chairman MS Sahoo, representatives from RBI, department of financial services and external experts has been tasked with assessing the functioning of the new law in addition to examining issues that could impact the framework prescribed under the law that was enacted to speed up revival and exit of firms.
The development comes at a time when nearly 300 cases have been admitted for resolution by the National Co…
Read the full article at: https://timesofindia.indiatimes.com/business/india-business/govt-launches-review-of-insolvency-law/articleshow/61680710.cms
