NEW DELHI: Finance Minister Arun Jaitley today took stock of steps being taken for implementation of the Insolvency and Bankruptcy Code that seeks to make debt recovery process stronger and quicker.
The Insolvency and Bankruptcy Code, 2016 notified by the government in May seeks to consolidate and amend laws relating to reorganisation as well as insolvency resolution of corporate persons, partnership firms and individuals in a time-bound manner.
The Finance Minister chaired the meeting which was attended by officials of Department of Economic Affairs, Department of Financial Services and Department of Corporate Affairs.
“We have a very tight timeline for implementation of the law. We discussed the roadmap with the Finance Minister,…
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