Corporate Insolvency Resolution Process is Team Work

With the enactment of the Insolvency and Bankruptcy Code, 2016 (Code) [1], India put in place a robust market mechanism for timely and time bound resolution of corporate distress. It enables revival of companies in financial distress and facilitates closure of companies in economic distress. It, however, incentivises and empowers the stakeholders to resolve the distress when a company starts experiencing financial misery, much before it experiences economic distress.

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