Last Modified: Tue, Dec 22 2015. 12 28 AM IST
The proposed bankruptcy code will cover individuals, companies, limited liability partnerships and partnership firms, and proposes a time-bound framework
New Delhi: The government on Monday introduced a bill in Parliament that will make it easier for sick companies to either wind up their businesses or engineer a turnaround.
The Insolvency and Bankruptcy Code, 2015, will replace the existing bankruptcy laws to make it easy for investors to exit within a fixed time frame, in an effort to improve the ease of doing business in India.
The proposed bankruptcy code will cover individuals, companies, limited liability partnerships and partnership firms, and proposes a time-bound…
Read the full article at: http://www.livemint.com/Politics/Av4vyhtFZrwR1ms8QInt7M/Bankruptcy-bill-to-be-introduced-in-Lok-Sabha-today-by-Arun.html