🔔 IBC Amendment Update: A Transformational Shift for Promoters & Creditors
The recent amendment to the Insolvency and Bankruptcy Code (#IBC) introduces a powerful new framework — #CIIRP (Creditor-Initiated Insolvency Resolution Process). This marks a significant evolution in India’s distressed asset ecosystem: ✅ Debtor-in-Possession Model Promoters can now retain control of the business, operating under creditor supervision in specified cases — a bold leap of trust in #Promoters. ⏱️ Accelerated Timelines A compressed resolution window of 150 days ensures faster decision-making and sharper focus on value maximization. 📈 Why This Matters This shift balances control with accountability, enabling viable businesses to recover efficiently while safeguarding creditor interests. At Credit Curators, we see this as a game-changing opportunity for promoters navigating stress — combining strategic advisory with deep expertise in structured finance and turnaround solutions. 🔗 Explore more insights: https://lnkd.in/dsz8ddmc
