Legally Bharat

Regular IBC tweaks needed to address bankruptcy challenges, says Corporate Affairs Ministry, ET LegalWorld

The corporate affairs ministry has underscored the need for a “continuous refinement” in the Insolvency and Bankruptcy Code (IBC) to address future challenges in corporate recast effectively. In an internal communication dated October 30, the ministry said: “The Code’s adaptability to evolving business landscapes ensures that it remains dynamic and responsive, while its continuous refinement […]