Insolvency & Bankruptcy
The Insolvency and Bankruptcy Code (IBC) was enacted in 2016. It provides
a streamlined legal framework for resolving insolvency and bankruptcy issues
for individuals and businesses. It aims to ensure a timely and efficient
resolution process and enhance recovery rates for creditors. The IBC
integrates various processes to facilitate economic stability and growth,
including corporate insolvency resolution, individual insolvency, and
liquidation.
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