Insolvency and Bankruptcy Code set for major overhaul
The corporate affairs ministry is finalizing a series of IBC amendments as the government wants to decisively deal with business failures that slow down the Indian economy
New Delhi: India’s bankruptcy law, the Insolvency and Bankruptcy Code (IBC), is set for a major overhaul as policymakers seek to decisively deal with business failures that slow down expansion in Asia’s third-largest economy.
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