The IBC process has enhanced creditor reliability and asset valuation transparency, maximizing the value of insolvent entities' assets in a time-bound manner.
Creditors must adhere to the prescribed timelines to recover their dues. Failure to do so could result in losing any potential payouts from the resolution plan or the liquidation process.
Insolvency and Bankruptcy Code is not immune to the shortcomings of India's justice system like delays despite being one of the key reform initiatives of the government.
Parliamentary Standing Committee on Finance chairman Jayant Sinha says prepackaged bankruptcy and efficient solutions for MSMEs are policy areas in consideration.
Reforms stalling is weighing on outlook for India’s economy, which has gone from one of the fastest growing in the world to among the worst hit by Covid.
The standard advantage of a bad bank is the entity taking a decision on sale price is different from the entity accepting that price, former RBI governor D Subbarao said.
India pointed out that Pakistan has been a “prolonged borrower from the IMF, with a very poor track record of implementation and of adherence to the IMF’s program conditions”.
Responding to a question by ThePrint, Air Marshal Bharti remarked: ‘Thank you for telling us that Kirana Hills houses some nuclear installations. We did not know about it.’
Kashmir’s return to normalcy, for Pakistan Army Chief Gen Asim Munir, had to be reversed. Pahalgam wasn’t plotted in the week between the speech. It must have taken several weeks, if not months of planning.
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