Budget 2024-25: FM proposes Additional Tribunals for NCLT, Major IBC Reforms, says 3.3 Lakh Cr recovered in Insolvency Proceedings

Union Budget 2024-25 Proposes Major Reforms to Insolvency and Debt Recovery Frameworks
By Manu Sharma - On July 23, 2024 12:41 pm - 2 mins read
Budget 2024-25 - Budget 2024 - Budget 2024 live updates - live updates of budget 2024 - budget 24 - budget 24 updates - taxscan

In a significant move to bolster the insolvency and debt recovery mechanisms, the Union Budget 2024-25 has introduced a series of strategic initiatives aimed at improving outcomes under the Insolvency and Bankruptcy Code ( IBC ) and expediting corporate exit processes. Finance Minister Nirmala Sitharaman highlighted these reforms in her budget speech. Integrated Technology Platform…

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