Insolvency and Bankruptcy Code

The Insolvency and Bankruptcy Code (IBC) is a bankruptcy law that acts as the one-stop solution for resolving insolvencies. It seeks to protect the interests of small-scale investors and ease the bankruptcy procedures. In response to the pandemic-led economic crisis, the IBC was suspended last year. After this suspension was lifted on March 25, there has not been a surge in fresh bankruptcy filing, enabling a breathing space for the policymakers and the businesses

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