Rajya Sabha passed - "Insolvency and Bankruptcy Code, 2016"

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Big Boost to Ease of Doing Business- Passing of Bankruptcy Code; Code is a comprehensive and systemic reform, which will give a quantum leap to the functioning of the credit market and would take India from among relatively weak insolvency regimes to becoming one of the world's best insolvency regimes; Vision of the new law is to encourage entrepreneurship and innovation. #docx

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