Govt may bring more amendments in insolvency law

Govt may bring more amendments in insolvency law

The insolvency law might be amended depending on recommendations of the panel reviewing issues related to the legislation, including those pertaining to home buyers, a senior government official said. While everything is timebound under the Insolvency and Bankruptcy Code (IBC), Corporate Affairs Secretary Injeti Srinivas said the issue is how the interests of stakeholders are to be balanced. A 14-member panel, also chaired by Srinivas, is working to identify and suggest ways to address issues faced in the implementation of the IBC — which came into force in December 2016.

The Business Standard, New Delhi, 29th January 2018

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