Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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Senior govt official says consultations are going on with various stakeholders and changes are expected to be finalised in coming weeks

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                            <p style="text-align:justify">-PTI/ The Telegraph</p><p style="text-align:justify"><em>Senior govt official says consultations are going on with various stakeholders and changes are expected to be finalised in coming weeks</em></p><p style="text-align:justify"><em>New Delhi: </em>The government is preparing to amend the insolvency law as it looks to reduce the time taken for the completion of the resolution process of stressed assets and prevent significant erosion of value of the assets, according to a senior official.</p><p style="text-align:justify">Amendments to the Insolvency and Bankruptcy Code (IBC), which came into force in 2016 for the timely resolution of stressed assets, are likely to be introduced in the Budget session of Parliament early next year.</p><p style="text-align:justify">The corporate affairs ministry&rsquo;s move to amend the law also comes against the backdrop of concerns in various quarters that many of the corporate insolvency resolution processes are taking a longer time due to litigations and other issues despite a stipulated time frame in place.</p><p style="text-align:justify">The senior government official said that consultations are going on with various stakeholders, including bankers and lawyers, and the changes are expected to be finalised in the coming weeks.</p><p style="text-align:justify">The focus is on how to speed up the whole resolution process by reducing the time taken.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/business/central-government-to-amend-insolvency-law-to-reduce-time-taken-for-resolution-process/cid/1904570" title="https://www.telegraphindia.com/business/central-government-to-amend-insolvency-law-to-reduce-time-taken-for-resolution-process/cid/1904570">click here</a> to read more.&nbsp;</p>                                                           
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                            <p style="text-align:justify">-PTI/ The Telegraph</p><p style="text-align:justify"><em>Senior govt official says consultations are going on with various stakeholders and changes are expected to be finalised in coming weeks</em></p><p style="text-align:justify"><em>New Delhi: </em>The government is preparing to amend the insolvency law as it looks to reduce the time taken for the completion of the resolution process of stressed assets and prevent significant erosion of value of the assets, according to a senior official.</p><p style="text-align:justify">Amendments to the Insolvency and Bankruptcy Code (IBC), which came into force in 2016 for the timely resolution of stressed assets, are likely to be introduced in the Budget session of Parliament early next year.</p><p style="text-align:justify">The corporate affairs ministry&rsquo;s move to amend the law also comes against the backdrop of concerns in various quarters that many of the corporate insolvency resolution processes are taking a longer time due to litigations and other issues despite a stipulated time frame in place.</p><p style="text-align:justify">The senior government official said that consultations are going on with various stakeholders, including bankers and lawyers, and the changes are expected to be finalised in the coming weeks.</p><p style="text-align:justify">The focus is on how to speed up the whole resolution process by reducing the time taken.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/business/central-government-to-amend-insolvency-law-to-reduce-time-taken-for-resolution-process/cid/1904570" title="https://www.telegraphindia.com/business/central-government-to-amend-insolvency-law-to-reduce-time-taken-for-resolution-process/cid/1904570">click here</a> to read more.&nbsp;</p>                                                           
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                            <p style="text-align:justify">-PTI/ The Telegraph</p><p style="text-align:justify"><em>Senior govt official says consultations are going on with various stakeholders and changes are expected to be finalised in coming weeks</em></p><p style="text-align:justify"><em>New Delhi: </em>The government is preparing to amend the insolvency law as it looks to reduce the time taken for the completion of the resolution process of stressed assets and prevent significant erosion of value of the assets, according to a senior official.</p><p style="text-align:justify">Amendments to the Insolvency and Bankruptcy Code (IBC), which came into force in 2016 for the timely resolution of stressed assets, are likely to be introduced in the Budget session of Parliament early next year.</p><p style="text-align:justify">The corporate affairs ministry&rsquo;s move to amend the law also comes against the backdrop of concerns in various quarters that many of the corporate insolvency resolution processes are taking a longer time due to litigations and other issues despite a stipulated time frame in place.</p><p style="text-align:justify">The senior government official said that consultations are going on with various stakeholders, including bankers and lawyers, and the changes are expected to be finalised in the coming weeks.</p><p style="text-align:justify">The focus is on how to speed up the whole resolution process by reducing the time taken.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/business/central-government-to-amend-insolvency-law-to-reduce-time-taken-for-resolution-process/cid/1904570" title="https://www.telegraphindia.com/business/central-government-to-amend-insolvency-law-to-reduce-time-taken-for-resolution-process/cid/1904570">click here</a> to read more.&nbsp;</p>                                                           
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Centre to amend insolvency law to reduce time taken for resolution process

Published on Dec 19, 2022   Modified on Dec 19, 2022

-PTI/ The Telegraph Senior govt official says consultations are going on with various stakeholders and changes are expected to be finalised in coming weeks New Delhi: The government is preparing to amend the insolvency law as it looks to reduce the time taken for the completion of the resolution process of stressed assets and prevent significant erosion of value of the assets, according to a senior official. Amendments to the Insolvency and Bankruptcy Code (IBC), which came into force in 2016 for the timely resolution of stressed assets, are likely to be introduced in the Budget session of Parliament early next year. The corporate affairs ministry’s move to amend the law also comes against the backdrop of concerns in various quarters that many of the corporate insolvency resolution processes are taking a longer time due to litigations and other issues despite a stipulated time frame in place. The senior government official said that consultations are going on with various stakeholders, including bankers and lawyers, and the changes are expected to be finalised in the coming weeks. The focus is on how to speed up the whole resolution process by reducing the time taken. Please click here to read more.

PTI/ The Telegraph, 19 December, 2022, https://www.telegraphindia.com/business/central-government-to-amend-insolvency-law-to-reduce-time-taken-for-resolution-process/cid/1904570

Tagged with: insolvency law Insolvency and Bankruptcy Code Amendment

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