FICCI comments on the Draft Insolvency and Bankruptcy Code- 2015

  |    November 6th, 2015   |   102

New Delhi(N4C Desk)- FICCI is happy to note that the Bankruptcy Law Reform Committee has placed the Draft Insolvency and Bankruptcy Code, 2015 in public domain for comments.

“This is a much awaited reform which has remained pending and would bring greater legal certainty and speed in closure of businesses which need winding up due to genuine reasons. This will be a huge boost for banks and will also be critical for development of a corporate bond market in India”, said Dr. A Didar Singh, Secretary General, FICCI.