The move will help make the insolvency process more attractive for the bidders and instil confidence in them, sources said.

India has jumped 14 places to rank 63rd in the World Bank's ease of doing business ranking index and the country aims to be within 50.

Growth can come back. Because of a lot of (reforms), economy is in transition, said SBI chief Rajnish Kumar.

The banks should be looking at other options for recovering loans before invoking the IBC, said Corp Affairs Secy Injeti Srinivas.

The sale of business as a going concern includes a sale of all the assets and liabilities of the company to the highest bidder.

The proposed waiver would be offered as part of 'Fresh Start' provisions under the Insolvency and Bankruptcy Code.

The bank has recovered about Rs 800 crore in the first quarter, said Syndicate Bank MD Mrutyunjay Mahapatra.

The bench said only genuine homebuyers can invoke insolvency proceedings against the builder.

NCLAT directed Corporate Affairs Ministry and IL&FS group to file a fresh progress report by September 3.

AK Mohanty said one month's salary should be released to Jet Airways employees for their basic survival.