Govt considering fast-track route to solve insolvency, unclog pipelines
The Insolvency and Bankruptcy Code (IBC) is yet to deliver on its promise to speedily free up capital locked in zombie companies, and tweaks based on international experience are welcome. A pre-packaged scheme for small enterprise, which is yet to clock significant numbers, is a forerunner to consultations over the latest proposal by the Insolvency and Bankruptcy Board of India (IBBI).
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