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2nd Report on Cross Border Insolvency

Cross Border Insolvency, 2nd Report submitted!

ILC submits 2nd Cross Border Insolvency Report

A major step to bring Indian Insolvency Law

on a par with that of matured jurisdictions!

The Insolvency Law Committee (ILC) constituted by the Ministry of Corporate Affairs to recommend amendments to Insolvency and Bankruptcy Code of India, 2016, has submitted its 2nd Report to the Government, which deals with cross border insolvency. The Report was handed over to Shri Arun Jaitley, Minister of Finance and Corporate Affairs by Corporate Affairs Secretary, Shri Injeti Srinivas.