India’s cabinet on July 17 approved several amendments to its insolvency framework to target faster resolution for creditors.
Cases must now be concluded within a maximum of 330 days including all litigation and legal disputes, up from a previous limit of 270 days. The revisions to the law also clarifies the rights of various creditors and makes the outcome of insolvency resolutions binding on central and state governments and local authorities.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: