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Top 10 biz headlines: Changes in insolvency law, IndiGo board meet, & more

From changes in insolvency law to Wipro Q1 results, Business Standard brings you the top headlines that made news on Wednesday

insolvency law
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BS Web Team New Delhi
Govt clears changes to insolvency law; secured lenders to get preference

In a big relief for banks, the government is bringing in multiple reforms to the three-year-old Insolvency and Bankruptcy Code (IBC), providing clarity about preference to secured lenders over operational creditors, to be applicable retrospectively; strict timelines for the resolution and litigation process; and powers of the committee of creditors (CoC). Read more...

Jalan panel proposes 'nominal' transfer of RBI funds to govt over 3-5 years

The Union government may not get the windfall gain it was expecting from the Reserve Bank of India (RBI) reserves

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