Nirmala Sitharaman Introduces Bill For Faster Resolution Of Bad Loans

Finance Minister Nirmala Sitharaman introduced the bill seeking as many as seven amendments to the Insolvency and Bankruptcy Code, which provides for resolution of bad loans.

All India | | Updated: July 24, 2019 19:36 IST
Nirmala Sitharaman Introduces Bill For Faster Resolution Of Bad Loans

Presently, the resolution plan for a bankrupt company has to be cleared within 270 days.