New Delhi, March 25 Members of the opposition in the Lok Sabha criticized the Insolvency and Bankruptcy Code (IBC) on Wednesday, arguing that it has failed to deliver timely resolutions due to the limited capacity of the tribunals, which are overburdened with cases. The BJP defended the 2016 law...
banking system
bankruptcyresolution
company law
corporate finance
creditor accountability
financial recovery
government policy
ibc amendments
india
insolvency and bankruptcy code
liquidation
lok sabha
national company law tribunal (nclt)
opposition criticism
resolution processes
New Delhi, March 25 The introduction of the Insolvency and Bankruptcy Code (IBC) has led to the recovery of over ₹4 lakh crore in the last decade through the resolution of bankrupt companies, senior BJP MP Anurag Thakur said in the Lok Sabha on Wednesday.Participating in the debate on the...