‘IBC resolved as many cases in 7 yrs as BIFR did in 30 yrs’

‘IBC resolved as many cases in 7 yrs as BIFR did in 30 yrs’ - Qoneqt

Ansari Uzair in India

‘IBC resolved as many cases in 7 yrs as BIFR did in 30 yrs’

Finance Minister Nirmala Sitharaman stated on Thursday that the seven-year-old Insolvency & Bankruptcy Code (IBC) has facilitated the rescue of 3,171 distressed companies and aided in the closure of those that are unviable. She pointed out that this is a significant improvement compared to the less than 3,500 cases resolved by the Board of Industrial and Financial Reconstruction (BIFR) during its over 30-year tenure, starting from 1987.

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17 Apr 12:27 PM

Petrol, Diesel Price Today: Diesel Becomes Cheaper After 31 Days, Know Fuel Rates in your city

Diesel Price had declined across the country after over a month on Wednesday. However, the petrol prices have remained unchanged for Read more

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