Govt working on integrated platform to speed up resolution processes

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Govt working on integrated platform to speed up resolution processes - Business Standard

Quick Summary:

While mentioning various steps taken and also being planned to further improve IBC resolutions, she said the ministry is working on having an integrated platform for the insolvency ecosystem.

The government is working on an integrated platform for the insolvency ecosystem covering key stakeholders that will also help speed up resolution processes.

The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, aims to provide market-linked and time-bound resolution of stressed assets.