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Context: The government is not planning to extend the moratorium on new insolvency proceedings under the Insolvency and Bankruptcy Code (IBC), which is set to expire on March 24.
Details:
About IBC:
The Insolvency and Bankruptcy Code, 2016 (IBC) is the bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy.
Insolvency Resolution:
Insolvency regulator:
Insolvency professionals:
Bankruptcy and Insolvency Adjudicator:
https://indianexpress.com/article/business/ibc-moratorium-extension-unlikely-7221584/
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