https://www.taxtmi.com/news?id=68908 The Insolvency and Bankruptcy Code is framed as the mechanism to deliver transparent, efficient debt resolution by streamlining the Corporate Insolvency Resolution Process in a time bound manner while balancing stakeholder interests; challenges on timeliness and effectiveness are noted, and coordinated action by the Ministry of Corporate Affairs, the Insolvency and Bankruptcy Board and the Department of Financial Services-including periodical review of large public sector bank accounts-is advanced to expedite CIRP and improve asset realisations. en-us Thu, 29 Jan 2026 09:20:51 +0530 Thu, 29 Jan 2026 09:20:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=68908 The Insolvency and Bankruptcy Code is framed as the mechanism to deliver transparent, efficient debt resolution by streamlining the Corporate Insolvency Resolution Process in a time bound manner while balancing stakeholder interests; challenges on timeliness and effectiveness are noted, and coordinated action by the Ministry of Corporate Affairs, the Insolvency and Bankruptcy Board and the Department of Financial Services-including periodical review of large public sector bank accounts-is advanced to expedite CIRP and improve asset realisations. News - Thu, 29 Jan 2026 09:20:51 +0530 https://www.taxtmi.com/news?id=68908