DFS Secretary M Nagaraju acknowledged the progress made in the cases admitted and resolved or rescued during the course of the year. PSU commercial banks banks hold a large share of stressed corporate ...
DFS Secretary reviews progress of IBC cases pending for NCLT admission & resolution. Banks urged to expedite resolution & improve recovery.
India’s finance minister has stated in interviews that the Budget Session of Parliament is slated to amend the Insolvency and Bankruptcy Code (IBC) to clearly grant insolvent companies a “clean slate, ...
The government has approved most of the recommendations of the parliamentary select committee led by Baijayant Panda.