Some gaps in ILC recommendations on resolution process, say experts

Report seen as unclear on who should pursue cases related to avoidable transactions and improper trading under bankruptcy code

gavel, IBC, Insolvency, bankruptcy, court, judgement, laws

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3 min read Last Updated : Jun 23 2022 | 10:40 AM IST

A report by the Insolvency Law Committee (ILC) has said the resolution process of insolvent firms could be expedited by continuing legal action against improper or fraudulent transactions even after

Topics : Insolvency and Bankruptcy Code National Company Law Tribunal NCLT NCLAT company law Bankruptcy laws financial fraud

First Published: Jun 23 2022 | 10:40 AM IST

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Some gaps in ILC recommendations on resolution process, say experts

Report seen as unclear on who should pursue cases related to avoidable transactions and improper trading under bankruptcy code

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