Insolvency and Bankruptcy Code has strengthened credit discipline, improved recovery climate and contributed to ease of doing business: Harsh Malhotra, MoS, Corporate Affairs Ministry

India, Oct. 1 -- The Government of India has issued a release:

Minister of State for Corporate Affairs Ministry and Road Transport and Highways, Shri Harsh Malhotra inaugurated the 10th Annual Day celebrations of the Insolvency and Bankruptcy Board of India (IBBI) at Bharat Mandapam, New Delhi today, marking ten years of IBBI since its establishment on 1st October, 2016.

Chief guest Shri Harsh Malhotra in his inaugural address, observed that the Insolvency and Bankruptcy Code, 2016 (IBC) has strengthened credit discipline, improved the recovery climate and contributed to the ease of doing business in the country. He noted the Government's commitment to keep the Code responsive to emerging needs, including through the recent legislative am...