The Union Cabinet approved the insolvency and bankruptcy code amendments on 11 December. Based on an official release the Code amendments aim, at removing bottlenecks, rationalizing the corporate insolvency resolution process (CIRP) and protecting last-mile funding will boost investment in financially distressed sectors.  “Additional thresholds introduced by the authorized representative for the purpose of preventing frivolous […]

IBC amendment bill 2019 seeks to protect last-mile funding.more