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Specialists stated though establishing the domestic regime is important, it is also critical to give creditors and debtors cross-border insolvency tools to maximize the worth of the distressed firm’s assets. An e-mail sent to the spokesperson of the corporate affairs ministry on Tuesday remained unanswered. Parallelly, operate is going on in revamping IBC for speedy admission of circumstances and creation of corporate rescue plans whilst making sure lenders are in a position to comprehend maximum worth for their investments in the distressed firm. The urgency on improving outcomes of the domestic bankruptcy regime also stems from the truth that its...