Improving insolvency law key for 7-8% growth; need more measures for better efficiencies: Economic Survey, ET LegalWorld
An improving insolvency framework is important for achieving 7-8 per cent economic growth over the next decade, the Economic Survey said on Friday and pitched for imposition of higher costs to prevent entities from filing frivolous applications during the resolution process. The suggestion also comes against the backdrop of long delays in the insolvency resolution…