Bankruptcy law is the push Indian companies needed to pay up2 min read . Updated: 10 Jul 2018, 03:00 PM IST
The insolvency and bankruptcy code replaced a web of archaic laws, some dating back a 100 years, and helped India jump 30 points to make it to the top 100 countries in World Bank's ease of doing business rankings
New Delhi: India’s new bankruptcy law has instilled fear among delinquent borrowers and prompted several reluctant founders to repay outstanding debt due to the risk of losing their company, according to its insolvency regulator.
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