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Pooja Bhalla Mathur
+91 124 671 4628
+91 124 671 4000
The President of India promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 (Ordinance), which has become effective from 6 June 2018.
RBI came out with a revised framework for expeditious resolution of bad loans, harmonising the existing guidelines with the norms specified IBC.
The Insolvency and Bankruptcy Code (IBC) was approved by both houses of the Parliament of India and received presidential assent in May 2016.
We must compliment the Ministry of Finance for a speedy development and implementation of Insolvency and Bankruptcy Code (Code).
India needs fresh capacity in infrastructure to maintain its growth momentum. However, this is difficult as the sector also has a lot of stressed assets.