September 16, 2024 5:20 PM

Strengthening of debt recovery Tribunal and establishment of Addl Tribunal to speed up debt recovery: Centre

The Indian government has announced significant reforms to the country's financial regulatory framework. Finance Minister Nirmala Sitharaman, during her presentation of the 2024-2025 Union Budget, outlined several key initiatives designed to strengthen the Insolvency and Bankruptcy Code (IBC) and improve the ease of doing business in India. Central to these reforms is the proposed establishment of an Integrated Technology Platform, which aims to bring greater consistency, transparency, and ove...