A year later, the Insolvency and Bankruptcy Code is still evolving12 min read 26 Jan 2018, 07:54 AM IST
It is too early to decide if the Insolvency and Bankruptcy Code has been successful, but it has instilled a sense of urgency, among all stakeholders, to resolve bad loans
Mumbai/New Delhi: It has been a year since the Insolvency and Bankruptcy Code (IBC) came into effect. Introducing a modern bankruptcy framework is one of the most significant reforms put in place by the Narendra Modi government. It has won praise from multilateral institutions such as the World Bank and the International Monetary Fund and is one of the prime reasons for India’s big 30-notch leap up the ease of doing business rankings.
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