Continuing its effort to facilitate investment and economic growth, amid opposition protests in Parliament, the Narendra Modi-led government on Monday introduced a bill to put in place an effective legal framework for time-bound resolution of corporate insolvency.
Finance minister Arun Jaitley introduced the much-awaited Insolvency and Bankruptcy Code in Lok Sabha that will speed up liquidation of ailing firms and improve the ease of doing business in the country, thereby facilitating greater investment.
The Insolvency and Bankruptcy Code, introduced as a money bill in the Lok Sabha, seeks to consolidate and amend all laws related to insolvency resolution so as to streamline and end the menace of undue delays in the exit of ailing bus…
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