Contact Your Financial Adviser Money Making MC
7
July 2017
In
a further move to tackle the huge issue of banks' bad loans in India, the
Insolvency and Bankruptcy Board on Thursday invited public comments on the
amended Insolvency and Bankruptcy Code that came into effect last year.
A
Corporate Affairs Ministry release said the window for receiving comments will
be open till December 31, 2017. The Total
Investment & Insurance Solutions
"The
comments received between July 4 and December 31, 2017 shall be processed together
and following the due process, regulations will be modified to the extent
considered necessary.
"It
will be the endeavour of the IBBI to notify modified regulations by March 31,
2018, and bring them into force on April 1, 2018," it said. The Total Investment & Insurance Solutions
The
Reserve Bank of India had last month directed state-run banks to begin
proceedings against the 12 largest loan defaulters.The Total Investment & Insurance Solutions
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