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On December 23, 2021, the ministry of corporate affairs proposed ‘amendments to Insolvency and Bankruptcy Code (IBC)’ to speed up the rescue of distressed companies which are ending up in bankruptcy tribunals.
What is Insolvency and Bankruptcy Code, 2016?
Insolvency and Bankruptcy Code, 2016 is one of the biggest insolvency reforms in economic history of India. This code was enacted to reorganise and insolvency resolution of corporate persons, individuals and partnership firms in timely manner to maximize the value of assets to such persons.
By: Brijesh Kumar ProfileResourcesReport error
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