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Economy

Non-adherence to timelines under IBC a major concern, says govt official

Updated : December 27, 2018 12:40 PM IST

Describing the implementation of the Insolvency and Bankruptcy Code (IBC) as a "mixed story", he said the law has already impacted the behaviour of borrowers and lenders.
The code, which became fully operational in December 2016, provides for a market-determined and time-bound insolvency resolution process.
Non-adherence to timelines under IBC a major concern, says govt official

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