Constitution of committee on law relating to insolvency of companies

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....cided to constitute a Committee consisting of experts to examine the existing law relating to winding up proceedings of companies in order to re-model it in line with the latest developments and innovations in the corporate law and governance and to suggest reforms in the procedure at various stages followed in the insolvency proceedings of companies to avoid unnecessary delays in tune with the in....

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....companies having regard to the Sick Industrial Companies (Special Provisions) Act, 1985 and the Securities Contracts (Regulation) Act, 1956 with a view to creating confidence in the mind of investors, creditors, labour and other shareholders. 3. The Committee will consist of- (1) Shri Justice K. S. Paripoornan, retired Judge of Supreme Court - Chairman (2) Shri S. Ramaiah, former....