IBC tweak challenges flagged

Many questions remain unanswered; govt should consult RBI, lenders and other stakeholders before going for ordinance, experts say. Just as financial and operational creditors can initiate the IBC process on a company, the code allows the corporate debtor to opt for self-insolvency. RBI is likely to insist that it should have the final say on any change in the definition of default in IBC in the context of the pandemic.


READ  SC extends order of no coercive action against employers for non-payment of full wages


Please enter your comment!
Please enter your name here