Insolvency and Bankruptcy Code, 2016

Posted On : May 01, 2023

The introduction of the Insolvency and Bankruptcy Code, 2016 was aimed, among other objectives, at reducing delays that had severely impacted the recovery rates for creditors in insolvency proceedings. The key reasons identified for these delays included lack of institutional capacity and excessive judicial intervention. The article linked below discusses these reasons and explores what actions can be taken to prevent delays

For more details please visit