https://www.taxtmi.com/news?id=20313 The legal and procedural framework for recovery has been strengthened through the Insolvency and Bankruptcy Code, 2016 and amendments to the Banking Regulation Act authorising the central bank to direct initiation of insolvency resolution, a creditor led regime excluding wilful defaulters and placing interim control with resolution professionals; complemented by SARFAESI amendments, additional debt recovery tribunals, bank operational reforms and recapitalisation to enable active recovery and deterrence. en-us Tue, 24 Jul 2018 18:42:30 +0530 Tue, 24 Jul 2018 18:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20313 The legal and procedural framework for recovery has been strengthened through the Insolvency and Bankruptcy Code, 2016 and amendments to the Banking Regulation Act authorising the central bank to direct initiation of insolvency resolution, a creditor led regime excluding wilful defaulters and placing interim control with resolution professionals; complemented by SARFAESI amendments, additional debt recovery tribunals, bank operational reforms and recapitalisation to enable active recovery and deterrence. News - Tue, 24 Jul 2018 18:42:30 +0530 https://www.taxtmi.com/news?id=20313