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Business Standard

Barely a week before the deadline, IBC resumption hangs in balance

The official said that while on the one hand green shoots were visible in the economy and the stock market was booming, on the other things were not moving under IBC

Topics
Insolvency and Bankruptcy Code | Indian companies | bankruptcy proceedings

Ruchika Chitravanshi  |  New Delhi 

ibc, lenders, payments, banks, loans, ibc
The IBC law empowers the government to issue a notification to extend the suspension for a period not exceeding one year, which means that it could be extended up to March 24, 2021

Barely a week left for the expiry of the suspension of bankruptcy proceedings against companies, the government is still undecided whether to extend the suspension further or not because “arguments on both sides are strong”, a senior government official told Business Standard.

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Read our full coverage on Insolvency and Bankruptcy Code

First Published: Fri, December 18 2020. 06:10 IST

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