https://www.taxtmi.com/news?id=18668 The Insolvency and Bankruptcy Code provides a unified, creditor driven, time bound process to promote going concern value and compel creditors to agree viable resolution plans within prescribed timelines; complementary banking law amendments empower the central bank to direct insolvency referrals and prescribe advisory committees to address lender coordination failures, while regulatory measures-withdrawal of forbearance, asset quality review, enhanced disclosures, PCA revision, and institutional tools like a central credit repository and strengthened Joint Lenders Forum rules-seek to improve recognition, coordination and market based resolution of stressed assets. en-us Mon, 21 Aug 2017 12:03:50 +0530 Mon, 21 Aug 2017 12:03:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18668 The Insolvency and Bankruptcy Code provides a unified, creditor driven, time bound process to promote going concern value and compel creditors to agree viable resolution plans within prescribed timelines; complementary banking law amendments empower the central bank to direct insolvency referrals and prescribe advisory committees to address lender coordination failures, while regulatory measures-withdrawal of forbearance, asset quality review, enhanced disclosures, PCA revision, and institutional tools like a central credit repository and strengthened Joint Lenders Forum rules-seek to improve recognition, coordination and market based resolution of stressed assets. News - Mon, 21 Aug 2017 12:03:50 +0530 https://www.taxtmi.com/news?id=18668