23-April-2024
Insolvency
 
We can’t let IBC lose its sheen: FM Sitharaman
03-Oct-2022

Finance and corporate affairs minister Nirmala Sitharaman on Saturday pledged “whatever it takes” to restore the glory of the Insolvency and Bankruptcy Code (IBC), making it clear in no uncertain terms that “we can’t afford to let the IBC lose its sheen”. Speaking on the occasion of the sixth foundation day of the Insolvency and Bankruptcy Board of India (IBBI) in Delhi, the minister stressed that delay in either the detection or resolution of stress in a company is the first “big hurdle” in a robust insolvency ecosystem. “We can’t afford to keep early warnings unnoticed,” she said.

News Source:- https://www.financialexpress.com/industry/we-cant-let-ibc-lose-its-sheen-fm-sitharaman/2697862/