Insolvency and bankruptcy

With more and more banks going to be set up after ‘on TAP’ licensing to small Finance, Payment banks etc there should be a proper mechanism to monitor these type of stringent actions.

Meanwhile, lenders will provide a further Rs. 1500 crores as loan to stabilize its operations, it'll save ‘Brand India’ from the taint of a bankruptcy, saving serious inconveniences for passengers, and avoiding the impact of a business collapse on the economy.

The first time voters and youths of India must understand the importance and significance of the new initiative by PM Modi because this reform is meant to save the future of millions of youths in India who wants to become entrepreneurs and look for seed money from various financial institutions.

The new IBC code, implemented by the Modi Govt., came with the promise the insolvency acts shall be defragmented and the resolution process shall be handled in a matter of days, not decades.