8 years of Modi govt: A look at Insolvency and Bankruptcy Code

June 6, 2022 8:37 AM

8 years of Modi govt: A look at Insolvency and Bankruptcy Code

Insolvency and Bankruptcy Code, IBC, is one of the major reforms of the NDA government in the last eight years. Implementation of IBC has made loan disbursement easier and helps in reducing distressed loans i.e. NPAs by cracking down on defaulters.<br />''&nbsp; &nbsp; &nbsp; &nbsp;<br />''Prior to the IBC, the legislative framework for insolvency and restructuring was fragmented across multiple legislations which was very complicated. It was very tough and time-consu...

8 years of Modi govt: A look at Insolvency and Bankruptcy Code

June 6, 2022 8:37 AM

8 years of Modi govt: A look at Insolvency and Bankruptcy Code

Insolvency and Bankruptcy Code, IBC, is one of the major reforms of the NDA government in the last eight years. Implementation of IBC has made loan disbursement easier and helps in reducing distressed loans i.e. NPAs by cracking down on defaulters.<br />''&nbsp; &nbsp; &nbsp; &nbsp;<br />''Prior to the IBC, the legislative framework for insolvency and restructuring was fragmented across multiple legislations which was very complicated. It was very tough and time-consu...