https://www.taxtmi.com/news?id=39417 The Insolvency and Bankruptcy Code framework has been reinforced through six statutory amendments and 122 regulatory reforms to expedite corporate insolvency resolution, enhance implementation, and maximise asset value. Emphasis is placed on timely CIRP conduct, capacity building for insolvency professionals and adjudicating authorities, and adoption of digital platforms to automate and streamline procedures. Reported operational outcomes include numerous CIRP initiations, rescue of many corporate debtors through resolution plans, withdrawal or settlement routes, referrals to liquidation, and realisations from resolution plans that materially exceed liquidation values and align with fair value estimates. en-us Wed, 02 Apr 2025 10:04:15 +0530 Wed, 02 Apr 2025 10:04:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=39417 The Insolvency and Bankruptcy Code framework has been reinforced through six statutory amendments and 122 regulatory reforms to expedite corporate insolvency resolution, enhance implementation, and maximise asset value. Emphasis is placed on timely CIRP conduct, capacity building for insolvency professionals and adjudicating authorities, and adoption of digital platforms to automate and streamline procedures. Reported operational outcomes include numerous CIRP initiations, rescue of many corporate debtors through resolution plans, withdrawal or settlement routes, referrals to liquidation, and realisations from resolution plans that materially exceed liquidation values and align with fair value estimates. News - Wed, 02 Apr 2025 10:04:15 +0530 https://www.taxtmi.com/news?id=39417