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IBC: Inadequate ​infrastructure, inordinate delays, beset speedy debt resolution process

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When Insolvency and Bankruptcy Code (IBC) came into effect in 2016, it became the preferred debt default resolution route. Around 1,858 companies have been admitted to the corporate insolvency resolution process between January 2017 and March 2019. The central promise of IBC was a time-bound resolution of debt that has gone bad​. This promise now appears to be under threat​. Suman Layak explains what ails the bankruptcy process ​under IBC and the way forward. Watch

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