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CIRP Amendments: Positive Stride Towards Enhancing Framework
The Insolvency and Bankruptcy Board of India has brought in certain amendments to streamline and optimise the insolvency resolution process.
March 6, 2024
The Insolvency and Bankruptcy Board of India has brought in certain amendments to streamline and optimise the insolvency resolution process.
The changes introduced by the IBBI are significant in so far as they create a check and balance on critical areas of the liquidation process.
Though IBBI’s paper addresses the issues faced in the insolvency processes of real estate projects, the draft regulations need fine-tuning.