Primary reason for IBC resolution delays is extensive litigation; Bill proposes penalties to prevent abuse of process: FM in Lok Sabha.

ALSO READ

• Finance Minister Clarifies Locker Insurance Policy

• Lok Sabha passes Bill to amend Insolvency and Bankruptcy Code (IBC).

• Revitalizing Banking: IBC's Impact on India's Financial Health

• Interests of workmen are not compromised under IBC process; workmen's dues get higher priority: FM in Lok Sabha.

• IBC amendment Bill provides for mandatory admission of insolvency application within 14 days once the company's default is established: FM.