 "Industry, company, firms, IBC, insolvency, bankruptcy, NPAs, assets")
The government may soon introduce an overhaul to the Insolvency and Bankruptcy Code (IBC) to improve efficiency among resolution professionals and faster resolution of companies. A report by Mint stated that the centre may seek the cabinet's approval for an amendment bill to the IBC in the upcoming winter session of the Parliament.
According to the data, 60 per cent of bankruptcy cases are pending for over 270 days.
"Expeditious admission of insolvency petitions and approval of resolution plans are most important, given that the time value of money is a key factor for the investor community. If resolution plans
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