Insolvency and Bankruptcy Code In India
Insolvency and Bankruptcy Code (IBC) 2016 Insolvency and Bankruptcy Code in India was implemented through an act of Parliament. It got Presidential assent in May 2016. The law was necessitated due to the huge pile-up of non-performing loans of banks and delays in debt resolution. Insolvency resolution in India took 4.3 years on average against…