<h1>India Proposes Draft Rules for Reviving Sick Companies Under Companies Act 2013; Seeks Stakeholder Input by March 14, 2016.</h1> The Government of India, through the Ministry of Corporate Affairs, has released draft rules for the revival and rehabilitation of sick companies under the Companies Act, 2013. The National Company Law Tribunal (NCLT) and its Appellate Authority are nearing full establishment, which will enable the implementation of these provisions. A committee comprising ministry officials and experts has prepared the draft rules, which focus on a creditor-oriented process, transparency, and strict timelines. Stakeholders are invited to submit comments by March 14, 2016. The draft rules outline procedures for filing applications, determining company sickness, appointing administrators, and implementing revival schemes.