Government operationalises amended insolvency law, sets 14-day admission deadline for NCLT
- Posted on May 26, 2026
- By Business News Today
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- 1 min read
Government operationalises amended insolvency law, sets 14-day admission deadline for NCLT
On May 26, significant updates to the insolvency law took effect, geared towards hastening the resolution of companies facing bankruptcy. The new regulations not only bring forth novel ideas but also refine existing processes. Lenders will now have precedence when it comes to cash distribution, streamlining the financial recovery.
