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Govt introduces bankruptcy bill in Lok Sabha

Govt introduces bankruptcy bill in Lok Sabha

The government on Monday introduced a bill in Parliament aimed at bringing sweeping changes to an outdated and overburdened bankruptcy system, setting deadlines for the first time for processing insolvency cases. The bill was introduced in the form of a ...

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India needs bankruptcy code: Raghuram Rajan

The Reserve Bank of India (RBI) has stressed the need for a bankruptcy code. Speaking here on Wednesday, RBI Governor Raghuram Rajan said, “Something that is being said for six years now. I was hopeful that the bankruptcy code embedded ...

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India saw 7 bankruptcy suicides a day last year

The chances of a person being shot to death in India are less than half the chances of him/her committing suicide due to financial distress. According to an analysis of data from the National Crime Records Bureau (NCRB), last year, ...

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