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.

from Economy-News-Economic Times https://ift.tt/3ey1ts6
via