Bankruptcy code: Will the govt be able to achieve its objective?4 min read . Updated: 10 May 2016, 05:43 PM IST
The government now needs to create state capacity for the four pillars of institutional infrastructure required for the Code to work
The Lok Sabha adopted the Insolvency and Bankruptcy Code (IBC) by voice vote on 5 May, and it is likely to be passed by the upper house soon. But this is only the beginning.
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