Govt decides to suspend up to 1 year IBC provisions that trigger fresh insolvency proceedings: Report

Govt decides to suspend up to 1 year IBC provisions that trigger fresh insolvency proceedings: Report

New Delhi: In a major relief for corporate borrowers hit hard by the coronavirus pandemic, the government has decided to amend the insolvency law to suspend up to one year provisions that trigger insolvency proceedings against defaulters, according to PTI sources. Further, the sources said amendments to the IBC (Insolvency and Bankruptcy Code) would pave […]