News & Media 13th Aug 2025
Our Senior Counsel Mukesh Chand is quoted in the recent Moneycontrol’s story “FM Sitharaman tables IBC Amendment Bill, cross‑border and group insolvency frameworks introduced” by Priyansh Verma.
Mr. Chand brings valuable insight stating that:
“The Bill leaves out other complex issues such as inter‑se priority among secured creditors, treatment of look‑back transactions in personal insolvency, and certain procedural and jurisdictional challenges, which remain to be addressed for a more comprehensive reform.”
The story delves into the latest introduction of key reforms under the Insolvency and Bankruptcy Code (IBC)—including group insolvency, cross‑border frameworks, and a creditor‑led resolution mechanism—to improve resolution timelines, enhance value for stakeholders, and align domestic practices with global standards
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