GS Paper 3 Topics Covered: Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth. Context: The Supreme Court has said “judicial delay” was the main reason for the failure of the insolvency regime in India prior to the 2016 Insolvency and Bankruptcy Code (IBC), as it urged company …
Introduction: The Prime Minister mentioned the Insolvency and Bankruptcy Code (IBC 2016) as one of the key legislative reforms that would help aid India’s path to self-reliance on a high growth trajectory. The IBC, along with the Goods and Services Tax regime, among other key reforms, were helping in significantly improving the ease of doing …
Continue reading “Insights into Editorial: Transforming business and the insolvency system”
Topics Covered: Inclusive growth and issues arising from it. Insolvency and Bankruptcy Code What to study? For Prelims: Overview of the code. For Mains: Significance and issues associated. Context: The government promulgated an ordinance to amend the Insolvency and Bankruptcy Code (IBC) whereby fresh insolvency proceedings will not be initiated for at least six months …
