Officials from the ministries of finance and corporate affairs today briefed a Parliamentary panel on the Insolvency and Bankruptcy Code, 2015, which seeks to provide an easy exit option for insolvent and sick firms.
The briefing was given to the 30-member Joint Committee on the Insolvency and Bankruptcy Code, 2015.
The panel is also learnt to have heard the views of T K Vishwanathan, former Secretary General, Lok Sabha and the Chairman of The Bankruptcy Law Reform Committee.
Yesterday also, there was a briefing by the representatives of the Department of Economic Affairs, Ministry of Finance in connection with examination of the Bill.
The joint committee has to submit its report on the bill by the last …
Read the full article at: http://www.business-standard.com/article/pti-stories/finmin-mca-brief-par-panel-on-insolvency-and-bankruptcy-code-116012001124_1.html