The Insolvency and Bankruptcy Code, 2016 provides for a specialised forum to oversee insolvency and liquidation proceedings for individuals, small and medium-sized enterprises (SMEs) and corporates. The Code is now on its way to becoming a reality. However, much more needs to be done, in terms of building the conducive infrastructure and ecosystem proposed under the Code and overcoming existing challenges to make it effective. KPMG has put together a Point of View on this Bill.
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