The government is contemplating changes to the Insolvency and Bankruptcy Code (IBC) to deal with environmental claims and liabilities of defaulting companies to make the law future-ready and meet climate action goals, sources told Business Standard.
Currently, the IBC has various categories of claims and creditors, including those related to environmental liabilities.
Govt May Amend IBC To Settle Environmental & Climate Change Liabilities Of Defaulting Companies menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
The Supreme Court on Monday issued notice on a plea claiming glaring inaction by central agencies - the CBI, the ED, and the SFIO into the alleged criminal theft and money laundering of Rs 12,800 crore from over 27 public,
The Supreme Court on Monday issued notice on a plea claiming glaring inaction by central agencies - the CBI, the ED, and the SFIO into the alleged criminal theft and money laundering of Rs 12,800 crore from over 27 public, government and listed banks by Amtek Auto Ltd (AAL) and its promoters, directors, beneficiaries, and key managerial personnel through an elaborate system of over 127 related parties and several benaamidars .