Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Insolvency delays to reduce with IBC changes: IBBI chief
Financial Express Kochi
|August 22, 2025
Scheme to boost bidders' confidence
DELAYS IN THE admission process continue to be a challenge in the insolvency cases in India, said Ravi Mital, chairperson of the Insolvency and Bankruptcy Board of India (IBBI) on Thursday. He stated that a new framework being planned is aimed at making resolution faster and more efficient without compromising the rights of stakeholders.
"The proposed amendments (to Insolvency and Bankruptcy Code) are designed in a way that we expect that the resolution process will be completed faster. The time taken in the admission of a resolution plan has been further reduced. Under the new amendments, a time has been prescribed now for the adjudicating authority to approve the resolution plan," Mital said.
This story is from the August 22, 2025 edition of Financial Express Kochi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Kochi
Financial Express Kochi
Tejas fighter jet crash hits India’s export ambitions
THE CRASH OF TEJAS fighter in front of global arms buyers at the Dubai Airshow is the latest blow to a key national trophy, leaving the jet reliant on Indian military orders to sustain its role as a showcase of home-built defence technology.
1 min
November 24, 2025
Financial Express Kochi
Premium for ‘experience’ widens in realty projects
Branded developers rake it in with the promise of quality
1 mins
November 24, 2025
Financial Express Kochi
When tech comes calling
THE TUMULTUOUS CHANGES taking place in the hospitality industry in the context of AI intervention calls for recognition of the new realities for managing the business. It is not an easy task to have AI engaged at every level in the business. Traditionally managed by multitudes of grey-collared personnel, if leaders can get the human-AI partnership work for all, it could be a game-changer.
2 mins
November 24, 2025
Financial Express Kochi
Meta pulled up for hiding mental health harm claims
US COURT FILINGS ALLEGE
3 mins
November 24, 2025
Financial Express Kochi
Pulses imports plunge 45% in April-October
IMPORTS OF PULSES have contracted in the eight months through October as domestic production improved, reports Saikat Neogi.
1 min
November 24, 2025
Financial Express Kochi
Agritech funding plunges over profitability concerns
INDUSTRY EXPERTS EXPECT REVIVAL IN 2026
2 mins
November 24, 2025
Financial Express Kochi
LNG import bill declines 13% to $8 bn in Apr-Oct
EXPENSE EASES
1 mins
November 24, 2025
Financial Express Kochi
Qualcomm’s pitch for PC upgrade wave
INDIAN ENGINEERING IS at the heart of Qualcomm’s new Snapdragon X2 Elite and Extreme chips, which will power next-generation Windows PCs in the coming months.
1 mins
November 24, 2025
Financial Express Kochi
Purple Ascent
HOW ALATE-NIGHT IDEA TURNED INTO A BEAUTY POWERHOUSE, TAKING THE PERSONAL CARE PLATFORM FROM A SIX-MEMBER LOFT OFFICE TO A DATA-DRIVEN GIANT
4 mins
November 24, 2025
Financial Express Kochi
States’ capex likely grew 10% in April-October
CAPITAL EXPENDITURE BY state governments likely grew 10% on-year in the first seven months of the current financial year, but revenue expenditure growth was a modest 4% during the period.
1 mins
November 24, 2025
Listen
Translate
Change font size