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IBC: How Will The Fresh Start Route For Small Debtors Work?
The fresh start process is in the offing for small debtors. Is it a loan waiver with a makeover? Will it work?
24 May 2019, 05:07 PM IST
From debt slavery, hanging of the third-time insolvent debtor by Genghis Khan to the insolvency laws enacted in 1900s—the personal insolvency regime has come a long way, points out the bankruptcy regulator IBBI, as it emphasises that it’s time to chart the route for the next big thing under the IBC—individual insolvency.While the Insolvency and Bankruptcy Code has laid down the framework for personal insolvency, it hasn’t been notifi...
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