Understanding the Insolvency and Bankruptcy Code: A Guide to Debt Resolution

Finance10 months ago

Source: Understanding the Insolvency and Bankruptcy Code: A Guide to Debt Resolution

The Insolvency and Bankruptcy Code, enacted in 2016, is a landmark legislation that consolidates and amends the laws relating to insolvency and bankruptcy in India. It aims to promote entrepreneurship, facilitate ease of doing business, and ensure timely resolution of insolvency, thereby preserving the value of assets and protecting the interests of creditors.

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