The insolvency and bankruptcy code is not living up to its promise

The Insolvency and Bankruptcy Code, 2016, rests a lot on the pivot of an efficient time frame to ensure speedy resolution. Remember, this was a cause of concern with the erstwhile Board for Industrial and Financial Reconstruction. A resolution professional has been entrusted with various duties and tasks to ensure in all fairness the protection of the rights of debtors and creditors.

Maharashtra govt’s loan waiver leaves many questions unanswered

Farmers demand implementation of Swaminathan panel’s recommendations
Reeling under a loan burden, farmer Sharad Ingale, who hails from the drought-prone Khatav taluka of Satara district in Maharastra, has only one expectation from the government. It is not a loan waiver; he wants the government to accept the Swaminathan Committee’s recommendations in letter and spirit.

After unseasonal rains destroyed his potato, onion and other crops, Ingale is unsure about how his family is going to survive. He and other farmers have taken loans from banks, credit societies and private lenders. The State government’s loan waiver of up to ₹2 lakh is not going to be of much help to farmers such as Ingale.


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