Tag: bankrupt firms
Posted in Economy
IBC reforms: Government moves to fix insolvency delays
Finance and corporate affairs minister Nirmala Sitharaman has moved a bill in the Lok Sabha to amend the Insolvency and Bankruptcy Code (IBC). ET looks…
Posted in Economy
Insolvency board proposes rule to reveal beneficial owners behind bids for bankrupt firms
The insolvency regulator has proposed mandating bidders for bankrupt firms to disclose beneficial ownerships, a move aimed at curbing misuse of the ‘clean slate’ principle…