Govt Mulls New Framework to Put IBC Cases on Fast Track The government is considering a creditor-led insolvency resolution mechanism under the bankruptcy law to fast-track settlement and ease the burden on the National Company Law Tribunal (NCLT), people aware of the development said. In ‘Reverse Flip’, Razorpay Parent Returning to India Bengaluru headquartered digital payments firm Razorpay is in the process of moving back its parent entity to India from the US, amid tighter sectoral regulations, said two people aware of the matter.The development comes months after Walmart-owned online payments firm PhonePe shifted its holding company to India from Singapore.

Source: Economic Times May 09, 2023 09:06 UTC