Thu, Jul 25, 2019

Tarun Bhatia Provides His Perspective on the Recent Approved IBC Amendments

On July 17, 2019, the Cabinet Ministers of India approved seven amendments to the Insolvency and Bankruptcy Code (IBC). One of the major amendments now mandates a 330-day time limit for resolution, including litigation. This new amendment will also impact the ongoing Essar Steel case.

Tarun Bhatia, Managing Director and Head of South Asia at Kroll, a division of Duff & Phelps, provided his perspective on these amendments in a The Hindu BusinessLine article.

With these amendments in place, a timely resolution is ensured, which was “one of the key benefits” of the IBC when it was passed in 2016.

Read the full article here.