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Nirmala Sitharaman proposes changes in IBC for faster resolution of bankrupt companies

Nirmala Sitharaman proposes changes in IBC for faster resolution of bankrupt companies

New Delhi/IBNS: Finance Minister Nirmala Sitharaman in her Budget speech on Tuesday proposed faster resolution of bankrupt companies by making amendments to Insolvency and Bankruptcy Code (IBC).

Insolvency and bankruptcy code may help unlock NPAs worth Rs 25K crore over next 5 yrs: ASSOCHAM-Crisil study

Insolvency and bankruptcy code may help unlock NPAs worth Rs 25K crore over next 5 yrs: ASSOCHAM-Crisil study

New Delhi, Nov 21 (IBNS): Effective implementation of the Insolvency and Bankruptcy Code, 2016 can potentially release about Rs 25,000 crore capital currently locked up in non-performing assets (NPAs) over next 4-5 years, noted a recent ASSOCHAM-Crisil joint study.