 "insolvency, NPAs, banks, mutual fund, debt, loan")
The government will come out with an ordinance to make certain amendments to the Insolvency and Bankruptcy Code, Minister of Finance and Corporate Affairs Arun Jaitley said on Wednesday.
The Code, which became operational in December last year, provides for a market-determined and time-bound insolvency resolution process. It is implemented by the corporate affairs ministry.
The Cabinet approved bringing in an ordinance to make "some changes" in the Code, Jaitley told reporters.
Details about the proposed changes could not be immediately ascertained.
The move also comes at a time when there are concerns in certain quarters about various aspects of
