The finance ministry plans to review insolvency cases that are stuck in bankruptcy tribunals. The government aims to address concerns about the slow progress of these cases, which were initially identified by the Reserve Bank of India and the government. The review will help identify pain points for creditors and improve the functioning of the tribunals. Authorities are also examining the roles of bankers and resolution professionals to make the process more transparent and efficient.
from Times of India https://ift.tt/GZf541g
Tuesday, December 19, 2023
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