29 May, 2016
Introduction
The Insolvency and Bankruptcy Code, 2016 (Code) has just been passed by both Houses of the Indian Parliament. The key objectives of the Indian government in driving this legislation forward were to improve Indias poor ranking on the ease of doing business index created by the World Bank Group and to stimulate the growth of the Indian capital markets, and the stated intention of the Code is to replace the relevant insolvency, restructuring and winding up provisions which are spread over a number of Indian statutes.
Our role
Herbert Smith Freehills has been engaging with the Bankruptcy Law Reform Committee (BLRC) since the release of the BLRCs Interim Report in February 2015 and we…
Read the full article at: http://www.conventuslaw.com/report/the-indian-insolvency-and-bankruptcy-code-2016/
