Last Modified: Fri, Apr 22 2016. 04 05 AM IST
Parliamentary panel reached political consensus on the bankruptcy law that makes it easier for sick companies to be either wound up or revived
New Delhi: Prospects of the early passage of a bankruptcy law, which makes it easier for sick companies to be either wound up or revived, improved after a parliamentary committee reached political consensus on it.
There is unanimity about the bill in the joint parliamentary committee. I dont see any problem in the passage of the bill in the Parliament unless some extraneous factor comes into play at the last minute, a member of the committee said, speaking on condition of anonymity.
The revised bill, which was supposed to be submi…
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