The federal government’s most transformative reform, the Insolvency and Chapter Code (IBC), which was meant to implement a time-bound insolvency course of, is grappling with inordinate delays. Additionally learn: IBC performed key position in revival of actual property sector, says IBBI Chairman Mital Newest IBBI information confirmed that the typical time for the approval of … Read more
Write-offs in scheduled industrial banks have decreased during the last 5 years to only over ₹1.70 lakh crore on the finish of FY 2023-24 from over ₹2.34 lakh crore in FY 2019-20, reflecting a decline of greater than 27 per cent, knowledge offered within the Lok Sabha confirmed. Information additionally defined that, barring FY23, all … Read more
FSDC had urged regulators to undertake a centered strategy to scale back the compliance burden | Photograph Credit score: Getty Pictures/iStockphoto Insolvency Professionals (IPs), who’re the spine of the Insolvency and Chapter Code (IBC), might quickly get vital compliance reduction with the insolvency regulator Insolvency and Chapter Board of India (IBBI) proposing to simplify and … Read more