Responding to the debate on the bill, Finance and Corporate Affairs Minister Nirmala Sitharaman said the liquidation of a company is not the sole agenda of the Insolvency and Bankruptcy Code
The arbitrary way of handling of IBC cases by RPs has led to litigation and delayed resolution of bank debt worth Rs 3 trillion, say lawyers
The government planned to notify the bankruptcy provisions last year itself
No major jurisdiction grants any preferential treatment to financial creditors in the context of right to participation or voting right in Committee of Creditors