Insolvency Framework Re-defined - IBC 2016

Check the fault in default: Industrialist — and loan defaulter — Vijay Mallya is in the United Kingdom, happy to have dodged, so far, the Indian judiciary. But back home in India, a holistic law is on the anvil that seeks to sternly deal with insolvency and defaulters. The Rajya Sabha recently passed the Insolvency and Bankruptcy Code, 2016, a reform envisioned to ensure time-bound