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Insolvency and Bankruptcy Code - Coggle Diagram
Insolvency and Bankruptcy Code
Intro
DEF
key legislative reforms
aid India´s path
to self-reliance
on high growth trajectory
MB
BP/GE/IS
IBC along with GST
among other key reforms
improve
ease of doing business
enable to emerge
make for world platform
focused
time bound resolution
rather than liquidation
empowering tool
to support companies
falling with its ambit
Core implication
allow credit flow
more freely
promote
investor confidence
streamline insolvency processes
in sustainable, efficient and
value retaining manner
IBC
both flexible and dynamic
D/F CAP-TAW
According to Resolving Insolvency Index
India´s ranking improved
to 52 in 2019 from 108 in 2018
recovery rate improved
nearly threefold
from 26.5% in 2018 to 71.6% in 2019
overall time taken in recovery
improved nearly three times
coming down from 4.3 years in 2018
to 1.6 years in 2019