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ibc for easier debt resolution

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Union finance minister Nirmala Sitharaman(PTI)

Govt plans steps to speed up disposal of cases under IBC

Livemint | By Rajeev Jayaswal, New Delhi
UPDATED ON FEB 19, 2021 11:56 AM IST
Delays in disposal of IBC cases are having an adverse impact on efforts by banks and financial institutions to recover non-performing assets (NPAs), officials explained
The amendments are aimed at speeding up the bankruptcy resolution process that has been mired in litigation and correcting anomalies that have crept into its functioning since the law came into force in 2016.(HT Photo)
The amendments are aimed at speeding up the bankruptcy resolution process that has been mired in litigation and correcting anomalies that have crept into its functioning since the law came into force in 2016.(HT Photo)

Government okays tweaks to IBC for easier debt resolution

Hindustan Times, New Delhi | By Gireesh Chandra Prasad
UPDATED ON JUL 18, 2019 12:24 AM IST
The eight amendments to the Insolvency and Bankruptcy Code (IBC) will also aid decision-making in the case of bankrupt entities such as property developers, which have a large number of creditors, including homebuyers.
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