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India proposes to let financial creditors trigger insolvency bypassing tribunal

India has proposed an overhaul of its bankruptcy law, including allowing financial creditors ‌to initiate insolvency proceedings and tightening deadlines, in a bid to speed up resolutions and promote ease of doing business.

NEW DELHI, March 30 (Reuters) – India has proposed an overhaul of its bankruptcy law, including allowing financial creditors ‌to initiate insolvency proceedings and tightening deadlines, in a bid to speed up resolutions and promote ease of doing busi… [2551 chars]

Source: Reuters | Published: 2026-03-30T11:44:19Z

Credit: Reuters

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