Bankruptcy Bill

Lok Sabha passes Bankruptcy code; Will this change life for Indian banks?

The Lok sabha, on Thursday, passed the Bankruptcy Bill, which promises banks, which promises to enable banks faster winding up of troubled companies and recover money before the value of the underlying assets get eroded fully.

Jaitley expects GST, bankrutpcy bill to be passed in second half of Budget session

Govt hopes to pass GST, bankruptcy bill this session: Arun Jaitley

The government hopes to pass the landmark Constitution Amendment Bill for a national Goods and Services Tax as well as the bankruptcy and insolvency bill.

Bankruptcy bill will be effective only if the govt beefs up benami law and matchmakers

Without these two mechanisms in place, the bankruptcy code will be only as effective as a superb police force sans a fair and quick judicial system