The proposed amendments to the Insolvency and Bankruptcy Code (IBC) are encouraging. They could help improve recovery rates and reduce resolution timelines. Still, credit rating agency ICRA noted that the changes do not address long-standing structural issues in the real estate sector, which
New Delhi [India] February 8 (ANI): The Union Cabinet chaired by Prime Minister Narendra Modi gave its ex-post facto approval for the amendments that were made in the Insolvency and Bankruptcy Code (IBC).