Even as Indian businesses have increasingly become multi-national, the absence of a codified cross-border framework has led to procedural delays & asset value destruction.
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.
One would expect more interest in Modi’s trips in the Asia Pacific region. But there hasn't been a build-up in the Australian or New Zealand press for the PM’s visits.
Paper says solar boom exposing storage deficit, with surplus daytime power going to waste as grid struggles to meet evening demand. 'Question has shifted from quantity to timing & flexibility.'
In ep 1859 of CutTheClutter, Editor-In-Chief Shekhar Gupta and Editor (Defence & Diplomacy) Snehesh Alex Philip look at DAC approvals, what it means for India's military and next steps.
The Congress party’s abandonment of nationalism is the most intriguing aspect of its post-2014 politics. The real Congress was never a party of bleeding heart pacifists.
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