Key will be timely implementation, says Joint committee chief
New Delhi, April 28:
The existing framework for insolvency and bankruptcy is inadequateand laws are scattered when it comes to dealing with business failure. There is a need for comprehensive legislation, said Bhupender Yadav, Chairman of the Joint Committee on the Insolvency and Bankruptcy Code.
Yadav, who chaired the Select Committee on the Constitution (122nd Amendment) Bill, 2014, for the Goods & Services Tax regime and three other critical committees in Parliament, shared his views with BusinessLine on key recommendations in the Bill, including adding a new section to deal with cross-border insolvency. Excerpts:
Was there any difference among the Committe…
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