IBC is perhaps one of the most critical legislations introduced in the preceding decade impacting the ‘ease of doing business in India’ in a positive manner and has proved to be an effective catalyst in accelerating the pace of the Indian economy. Going forward, IBC is destined to face a monumental challenge and equally monumental expectations in terms of consistent and speedier execution. Given the progress made by the IBC thus far, it is strongly expected that it will overcome all challenges and usher the Indian economy further on the path of fairness, stability and prosperity.
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