DFS Secretary Ignites Workshop on IBC Overhaul

M Nagaraju, the DFS Secretary, fired up a workshop on Tuesday, tackling the revamped Insolvency and Bankruptcy Code like a culinary showdown. Stakeholders gathered to chop through confusion and whip up solutions for stressed assets faster than you can say 'It’s raw!' With over 8,800 cases sizzling and ₹ 4.11 trillion in resolutions, this is one recipe for success that’s well done!

Quick rundown

1.Workshop held to discuss IBC impact on banking.

2.Amendments aim to strengthen insolvency framework.

3.Focus on timely resolution of stressed assets.

4.Group insolvency allows single court resolution.

5.Over ₹4.11 trillion realized through CIRPs.

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