New Delhi: The Insolvency and Bankruptcy Code is expected to become operational by the end of the year, economic affairs secretary Shaktikanta Das said on Tuesday.
The government has maintained it is following an aggressive timeline for implementing the law, which is expected to be a game changer for the resolution of insolvency cases.
The bankruptcy law brings more clarity, providing a comprehensive and dynamic legal framework for the resolution of insolvencies, which in turn will make it easier to do business, added Das.
We have a definite roadmap to implement the bankruptcy law. The ministry of corporate affairs is working on it. The law ministry, the legislative department have played a significant role and are working o…
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