Need reforms for higher recoveries and speedier resolutions in IBC: IBBI Chair
Jayanti Prasad emphasized the need for reforms in India's debt resolution framework to improve realizations and safeguards. Justice Anupinder Singh Grewal suggested raising the financial threshold for insolvency case admissions to enhance efficiency. Prasad highlighted the regulator's aim to address delays and improper use of the Code.
Key takeaways
- Category: Economy.
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