Tweaking IBC for cross-border cases - The Hindu BusinessLine
Tweaking IBC for cross-border cases × The Insolvency and Bankruptcy Code 2016 has been beefed up to suit current needs but issues still remain Overhauling the insolvency and bankruptcy regime, India enacted the Insolvency and Bankruptcy Code 2016 in May 2016. The Code emulates UK’s insolvency laws and is customised for India. While it has been trimmed and strengthened since inception to suit the current needs, a few issues still remain to be addressed. One of them is cross-border insolvency and debt resolution. Cross-border insolvency Currently, two provisions of the code (Section 234 and ...
Source: thehindubusinessline.com