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Corporate Affairs ministry considering multiple changes to Insolvency and Bankruptcy Code 

 
Nov 04, 2017:NEW DELHI: The corporate affairs ministry is considering multiple changes to the Insolvency and Bankruptcy Code, including ways of ensuring that the process doesn't allow a failed promoter to regain control while escaping liabilities. 
 
The review is being conducted after seeing how the law has worked in the past few months and based on feedback received, said senior officials. A simpler framework for resolving individual insolvencies to allow matters to be handled by a mediator wh .. 
 
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Source : www.economictimes.indiatimes.com