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Debt Waiver for Small Borrowers Under IBC by Vinod Chanrasekharan is a document available to read on EtoBox.

What is Debt Waiver for Small Borrowers Under IBC about?

The government plans to offer debt waivers for small distressed borrowers from the economically weaker section as part of the fresh start provisions under the Insolvency and Bankruptcy Code. The proposed waiver would have criteria including gross annual income not exceeding Rs. 60,000, total assets not more than Rs. 20,000, and total qualifying debts not over Rs. 35,000. Borrowers can only avail of the waiver once every five years, and it is estimated the program would result in loan forgiveness of up to Rs

Author

Vinod Chanrasekharan

Language

EN