Insolvency and Bankruptcy Code receives President's Assent [Read the Code]

The Insolvency and Bankruptcy Code received the President's assent on May 28 and was notified in the Gazette of India soon after. As listed down by PIB, the salient features of the law are as follows: Clear, coherent and speedy process for early identification of financial distress and resolution of companies and limited liability entities if the underlying business is found to be viable...