The insolvency law has provided a framework for resolution of stressed assets, and its success needs to be appreciated in comparison with the situation that prevailed prior to its implementation
The insolvency law, which has undergone various phases of evolution, has provided a framework for resolution of stressed assets, and its success needs to be appreciated in comparison with the situation that prevailed prior to its implementation, experts said on Thursday.
The Insolvency and Bankruptcy Code (IBC) provides for a time-bound and market-linked resolution of stressed assets. It came into force in 2016.
Ashok Haldia, chairman of the Indian Institute of Insolvency Profe…
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