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Debt Recovery to be on Fast Track
- August 2, 2016
- Posted by: BiconAdmin
- Categories: Debt Recovery, Miscellaneous
No CommentsThe 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
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Parliament passes the Insolvency and Bankruptcy Code
- July 19, 2016
- Posted by: BiconAdmin
- Categories: Insolvency and Bankruptcy Code 2016, Miscellaneous
11-May-2016 was a historical day for economic reforms in India when the Rajya Sabha passed the major economic reform Bill moved by the Government i.e. ‘Insolvency and Bankruptcy Code, 2016’. This is considered as the biggest economic reform next only to GST. The Lok Sabha had earlier passed the Bill on 5th May, 2016. In