Top officials of various state governments are expected to submit their suggestions to strengthen the regulations under the Insolvency and Bankruptcy Code (IBC). (Photo: Reuters)The Centre has asked states to offer inputs on ways to boost the ecosystem for insolvency resolution, an official source told FE. Top officials of various state governments are expected to submit their suggestions to strengthen the regulations under the Insolvency and Bankruptcy Code (IBC). Although the Centre has brought in the IBC, insolvency is in the concurrent list of subjects and states play a role in implementation of various regulations under it. So, greater participation from the states in the process of improving the insolvency ecosystem …
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