India's Insolvency and Bankruptcy Code (IBC) is a comprehensive legal framework designed to streamline the resolution of insolvency and bankruptcy issues. This law, which consolidates existing insolvency and bankruptcy laws into a single legislation, serves as a one-stop solution for insolvency-related disputes. For a more in-depth understanding of the Insolvency And Bankruptcy Code (IBC) – IBC Amendment Bill 2021 [UPSC Notes GS III] , follow the provided link.
Additional resources for further reading:
- An Overview of Non-Performing Assets (NPA) – Essential Facts for UPSC GS-III
- The Concept of Bad Banks – A Proposal by the Indian Banking Association (IBA) in Response to the COVID-19 Crisis