Experts on IBC Amendment Bill

The Lok Sabha passed the Insolvency and Bankruptcy Code Amendment Bill. The bill proposes a 330-day deadline for resolution including litigations. It also proposes that companies where the IBC process has been on for over 330 days will be given only 90 more days for resolution from the date the law is enacted. Shardul Shroff of Shardul Amarchand Mangaldas and RK Bansal, MD of Edelweiss ARC discussed the bill at length.