INSOLVENCY AND BANKRUPTCY CODE – IS IT BENEFICIAL TO SMEs IN INDIA?
Insolvency code will boost confidence among entrepreneurs by taking away the fear of failure by offering support for turnaround or liquidation in a non-threatening way. It will enlarge the lending basket for SMEs. INTRODUCTION: Parliament recently passed Insolvency and Bankruptcy Code Bill that seeks to update and consolidate existing laws in this regard. The bankruptcy … Continue reading INSOLVENCY AND BANKRUPTCY CODE – IS IT BENEFICIAL TO SMEs IN INDIA?
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