Since its inception in 2016, India's Insolvency and Bankruptcy Code has shifted from debtor to creditor control, yielding positive outcomes. Anticipated amendments include introducing a Creditor-Led Resolution Process, mandatory admission on record of defaults, widened scope for avoidance transactions, 'group insolvency,' and nullifying key judicial precedents. These changes aim to streamline and enhance the efficiency of insolvency proceedings, crucial for economic recovery and investor confidence. Read The Rest at :
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.
