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What is INSOLVENCY AND BANKRUPTCY ACT - Final about?

This document discusses the Insolvency and Bankruptcy Act of 2016 in India. It provides background on the need for the act to address the problem of non-performing assets facing the banking sector. The act aims to resolve insolvency and bankruptcy cases in a time-bound manner to maximize asset value and promote credit availability. It established the Insolvency and Bankruptcy Board of India to regulate insolvency professionals and processes. The document will analyze important sections of the act and review

Author

Divya Raunak

Language

EN