Insolvency Law likely to see 2 key tweaks, Legal News, ET LegalWorld – Legal Firms

The Insolvency and Bankruptcy Board of India (IBBI) is set to propose two key amendments to the law governing bankruptcies to enable quicker debt resolutions and distribution of recovery proceeds despite continuation of litigation.At this weekend's unusual closed-door brainstorming sessions, stakeholders agreed that banks must be allowed to restart a...