PRESS TRUST OF INDIA New Delhi, Dec 20 | 13: Finance minister Arun Jaitley will on Monday table in parliament the Insolvency and Bankruptcy Bill, the biggest reform proposal after the Goods and Services Tax (GST) bill, the government said. “Fin minister will introduce Insolvency and Bankruptcy Bill in Parliament tomorrow. Next GST, it’s the biggest reform (sic),” tweeted Shaktikanta Das, secretary in the Department of Economic Affairs, on Sunday. The government intends to bring important legislative measures on structural reforms during the remaining three days left of parliament’s winter session, notwithstanding the setback on the GST Bill, Jaitley had said on Saturday. The proposed Bankruptcy Code aims to reduce delays in resolution of insolvency cases and improve recoveries of amount lent to companies. The draft bill has proposed a timeline of 180 days, extendable by another 90 days, to resolve cases of bankruptcy.
