The Ministry of Corporate Affairs and IBBI are considering a bankruptcy early-warning system for companies. The system aims to detect financial stress before payment defaults and prevent insolvency cases. The proposal follows a Supreme Court suggestion and seeks to ease the load on NCLTs. BulletsIn Early-warning framework under discussion, part of IBC reform Goal: spot
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The Ministry of Corporate Affairs and IBBI are considering a bankruptcy early-warning system for companies. The system aims to detect financial stress before payment defaults and prevent insolvency cases. The proposal follows a Supreme Court suggestion and seeks to ease the load on NCLTs. BulletsIn Early-warning framework under discussion, part of IBC reform Goal: spot
