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Tag Archives: Debt Recovery Tribunal

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Insolvency and Bankruptcy Code In IndiaDepositors of the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank held a protest outside the Reserve Bank of India (RBI) headquarters

Insolvency and Bankruptcy Code In India

BANKRUPTCY LAW, Legal ArticlesBy Legal Advice GuruApril 13, 2021Leave a comment

  Insolvency and Bankruptcy Code (IBC) 2016 Insolvency and Bankruptcy Code in India was implemented through an act of Parliament. It got Presidential assent in May 2016. The law was necessitated due to the huge pile-up of non-performing loans of banks and delays in debt resolution. Insolvency resolution in India took 4.3 years on average against…

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