Insolvency and Bankruptcy Code – The Journey So Far and the Road Ahead
A stock-taking report of the implementation-journey of the Insolvency and Bankruptcy Code that highlights the successes and future challenges of the Code.
Summary: The Report takes stock of developments during the two-year implementation period of the Code and identifies key challenges, while suggesting the next generation of reforms required to address these challenges.
The Vidhi Centre for Legal Policy & EY are pleased to present “Insolvency and Bankruptcy Code: The Journey so Far and the Road Ahead” which was inaugurated by the Hon’ble Union Minister for Finance & Corporate Affairs Shri Arun Jaitley on 18th December at the IBBI-Vidhi Conference “Insolvency and Bankruptcy Code, 2016: A roadmap for the next two years”.
This report take stock of the developments in the insolvency eco-system since the implementation of the Insolvency and Bankruptcy Code, identifies key challenges for the insolvency eco-system and suggests the next generation of critical reforms required to address these challenges.
We hope that this report will provide both impactful and novel ideas to improve capital availability, promote entrepreneurship, reduce judicial backlog and build a more efficient insolvency resolution eco-system.