Recasting insolvency resolution
Why in the News? The recent Supreme Court judgment in the Jet Airways case has highlighted several major problems in India’s insolvency system. What is the Insolvency and Bankruptcy Code (IBC)? The Insolvency and Bankruptcy Code (IBC), enacted in 2016, is a comprehensive legal framework in India aimed at consolidating the existing laws governing insolvency… Continue reading Recasting insolvency resolution