BANKRUPTCY CODE

15th April – Our bankruptcy code is world class

The World Bank conducts an annual examination to gauge the ‘Ease of Doing Business’ in nearly 200 economies and ranks them on ten sets of parameters, which include ‘Resolving Insolvency’. India ranked 142nd in ‘Ease of Doing Business’ for 2015. In terms of resolving insolvency, the country ranked 137th. The government set an ambitious target …

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