https://www.taxtmi.com/article/detailed?id=9201 Regulatory changes impose an embargo on fresh initiations under the Insolvency and Bankruptcy Code, extend the suspension period beyond initial measures, raise the initiation threshold substantially, exclude Covid related debts from triggering insolvency, and propose a dedicated insolvency framework for MSMEs. The measures aim to ease business compliance and bolster liquidity, but they are likely to impede creditor recoveries, impair bank balance sheets through elevated NPAs and provisioning, delay restructurings and valuations, and affect insolvency professionals and adjudicatory fora; voluntary filings and interaction with other recovery laws need clarification. en-us Fri, 22 May 2020 10:30:52 +0530 Fri, 22 May 2020 10:30:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9201 Regulatory changes impose an embargo on fresh initiations under the Insolvency and Bankruptcy Code, extend the suspension period beyond initial measures, raise the initiation threshold substantially, exclude Covid related debts from triggering insolvency, and propose a dedicated insolvency framework for MSMEs. The measures aim to ease business compliance and bolster liquidity, but they are likely to impede creditor recoveries, impair bank balance sheets through elevated NPAs and provisioning, delay restructurings and valuations, and affect insolvency professionals and adjudicatory fora; voluntary filings and interaction with other recovery laws need clarification. Articles Goods and Services Tax - GST Fri, 22 May 2020 10:30:52 +0530 https://www.taxtmi.com/article/detailed?id=9201