Government mulls new framework to put IBC cases on fast track

The details will be finalised after broader stakeholder consultations. "The government has studied the best practices of several jurisdictions and a similar, if not the same, insolvency mechanism is followed in the UK," said an official aware of details. "Various aspects and structures of the planned framework are being examined and a final decision would be taken in due course."

from Economic Times https://ift.tt/vqNVMlK
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