The ‘Insolvency and Bankruptcy Code’ was introduced to facilitate the resolution of insolvency cases and to improve the ease of doing business in India. In which year was it enacted?
2013
2015
2016
2017
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This question was previously asked in
UPSC Combined Section Officer – 2019-20
The Insolvency and Bankruptcy Code, 2016, is a comprehensive law enacted by the Parliament of India to consolidate the laws relating to insolvency and bankruptcy in India. It provides a time-bound process for resolving insolvency of companies and individuals.