Ravi Mital says bankruptcy law changes will speed up stressed company resolutions. Nirmala Sitharaman introduced amendments to the Insolvency and Bankruptcy Code. These amendments include out-of-court processes. They also address cross-border insolvency and corporate group bankruptcy. Mital highlighted delays in admitting insolvency cases. He stressed strong coordination for quicker resolutions. He urged stakeholders to support a stronger insolvency framework.
