HomeLatest Newsthe Recovery of Debts due to Banks and Financial Institutions Act
the Recovery of Debts due to Banks and Financial Institutions Act
Debt Recovery to be on Fast Track
August 2, 2016
Posted by: Bicon Consultants
Category: Debt Recovery, Uncategorized
The Government has paved way, with a formal approval on a Bill that amends four different Acts, seeking to expedite disposal of debt recovery applications that can take many years under the current regime. The changes will strengthen the insolvency framework that is being implemented through the Insolvency and Bankruptcy Code passed by Parliament in May.