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Insolvency and Bankruptcy Code: IBBI moves to tweak Bankruptcy Code for speedier resolutions

by pulseadmin February 6, 2025, 8:18 am 170 Views

Mumbai: The Insolvency and Bankruptcy Board of India (IBBI) wants the Insolvency and Bankruptcy Code to allow group-level insolvency and concurrent bidding to both speed up and maximise recoveries of stuck loans.

Citing cases like Videocon and SREI, the regulator is looking to introduce…

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