The Finance Ministry has invited public comments on the recommendations of an interim report of bankruptcy law reforms committee.
The committee, headed by former Law Secretary TK Vishwanathan, recently submitted its interim report, which is now available on the Finance Ministry’s website. Finance Minster Arun Jaitley had in his maiden Budget speech last year announced that an entrepreneur-friendly bankruptcy framework would be developed for small and medium enterprises to enable easy exit. Following this, a committee was set up in August 2014 to study the corporate bankruptcy legal framework and submit a report.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.