India : Prior competition clearance in Insolvency Resolution Process now mandatory – step towards “ease of doing business”
India : Prior competition clearance in Insolvency Resolution Process now mandatory – step towards “ease of doing business” The enactment of the Insolvency and Bankruptcy Code, 2016 (IBC) has been often cited as one of the key economic reform of the present government . Undoubtedly the new enactment resulted in large corporate entities queuing up…