https://www.taxtmi.com/news?id=27169 The speech emphasises that the Insolvency and Bankruptcy Code established a unified, time bound, creditor driven resolution regime prioritising going concern value, CoC decision making, claw back remedies and cramdown protection. It acknowledges implementation constraints-adjudicatory capacity, appellate delays, cross border and group resolution complexities-and urges reforms including better use of Information Utilities, enhanced NCLT/NCLAT capacity, strengthened resolution professional skills, and streamlined procedures to reduce loss given default and improve credit flows. en-us Wed, 17 Jan 2024 17:19:03 +0530 Wed, 17 Jan 2024 17:19:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27169 The speech emphasises that the Insolvency and Bankruptcy Code established a unified, time bound, creditor driven resolution regime prioritising going concern value, CoC decision making, claw back remedies and cramdown protection. It acknowledges implementation constraints-adjudicatory capacity, appellate delays, cross border and group resolution complexities-and urges reforms including better use of Information Utilities, enhanced NCLT/NCLAT capacity, strengthened resolution professional skills, and streamlined procedures to reduce loss given default and improve credit flows. News - Wed, 17 Jan 2024 17:19:03 +0530 https://www.taxtmi.com/news?id=27169