1. Former RBI governor Raghuram Rajan has said that, instead of closing the insolvency option completely for Covid defaults, borrowers should have been allowed to renegotiate the loans under the bankruptcy platform and retain their businesses.
Rajan
said that after Covid, there was a tendency to take a stand that this is a new
kind of situation and requires a new kind of process and therefore cases cannot
be referred under the Insolvency and Bankruptcy Code (IBC).
weekly updates
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Sl. No.
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Particulars
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Link
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In the matter of
State Bank of India Vs. Anil Dhirajlal Ambani in IA No. 1009 of 2020 in
CP(IB) 916 (MB) of 2020 & IA No. 1010 of 2020 in CP(IB) 917 (MB) of 2020
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In the matter of Mr. Rajneesh Singhvi,
Insolvency Professional
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Invitation of Public
comments: Discussion Paper on Corporate Liquidation Process
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