MCA invites comments on Corporate Insolvency Resolution and Liquidation Framework under IBC, 2016

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Last updated: 24 December 2021
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This document from the Ministry of Corporate Affairs (MCA) invites public comments on proposed amendments to India's Corporate Insolvency Resolution and Liquidation Framework under the Insolvency and Bankruptcy Code, 2016. It outlines key areas for change, including streamlining the admission process for insolvency applications, refining rules around avoidable transactions and wrongful trading, and setting time limits for resolution plan approvals. The document is essential reading for legal professionals, financial creditors, and other stakeholders involved in insolvency proceedings in India.

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