Evaluation of Insolvency and Bankruptcy Code from The Perspective of Stakeholders and Society
This paper studied the performance of the IBC for the last three years and the amendments brought to the IBC from its inception to tackle the loopholes. No doubt the IBC proved effective for what objectives it was brought. But still there are some problems that are becoming obstacles to effectively implement the IBC. We hope in the near future it will prove still more effective in achieving its objectives. The paper also compares the financial weakness/soundness of insolvency companies and well performing companies.
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