FICCI comments on the Draft Insolvency and Bankruptcy Code, 2015

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FICCI is happy to note that the Bankruptcy Law Reform Committee has placed the Draft Insolvency and Bankruptcy Code, 2015 in public domain for comments. “This is a much awaited reform which has remained pending and would bring greater legal certainty and speed in closure of businesses which need winding up due to genuine reasons. This will be a huge boost for banks and will also be critical for development of a corporate bond market in India”, said Dr. A Didar Singh, Secretary General, FICCI.

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