The Economic Survey 2019-20 highlights that The Insolvency and Bankruptcy Code (IBC) has improved the resolution process in India compared to the earlier measures. The IBC proceedings take 340 days on an average compared to 4.3 years earlier and resulted in the recovery of 42.5% amount involved compared to 14.5% under the SARFAESI Act. The […]
The post Insolvency and Bankruptcy Code Improves Resolution Process: Registering a 4-Fold Decline in Resolution Time appeared first on Taxscan | Simplifying Tax Laws.
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