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Source: India Business Law Journal Authored by Dipti Lavya Swain, Partner, HSA Advocates
Insolvency & Restructuring Update | February 2020
Considered as the biggest insolvency reform in India, IBC has had a multi-faceted impact on India Inc and significantly reduced the time taken to resolve debt-related situations as compared to earlier regime, besides instilling a heightened focus on governance, transparency, promoter rights, debt repayment and other attendant issues.
INSOLVENCY AND RESTRUCTURING – Monthly Newsletter January 2020
STATUTORY UPDATES Success of the Insolvency & Bankruptcy code hinges on timely resolution of stressed assets and a conducive ecosystem. Amendments to the IBC are an earnest attempt to address several issues faced in ongoing stressed assets cases, and will help reduce timelines, enhance transparency and improve realization from their resolution.