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7) The Bankruptcy and Insolvency Code has been welcomed by the banking sector. Examine how this code will benefit the Indian economy. Also comment on the SARFAESI Act (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002).

TopicEconomic growth

7) The Bankruptcy and Insolvency Code has been welcomed by the banking sector. Examine how this code will benefit the Indian economy. Also comment on the SARFAESI Act (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002). (200 Words)

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