Cabinet approves amendments to Insolvency and Bankruptcy Code
after close1 source ↓written by the desknot a recommendation
The Union Cabinet has approved amendments to the Insolvency and Bankruptcy Code, paving the way for the IBC Amendment Bill in the current parliamentary session. Key recommendations include stricter timelines for bankruptcy case disposal and enhanced powers for the Committee of Creditors (CoC) to expedite corporate resolution processes. This legislative update aims to address existing delays and improve efficiency in the bankruptcy framework.
Not investment advice. For informational purposes only.