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IBC Mechanism Being Used Actively to Resolve NPA Problem, Asserts Economic Survey

The Ibc Mechanism is being used actively to resolve the NPA problem of the banking sector. A major factor behind the effectiveness of the new Code has been the adjudication by the Judiciary. The Code prescribes strict time limits for various procedures under it. In this process, a rich case-law has evolved, reducing future legal uncertainty.



This post first appeared on Tax Guru, please read the originial post: here

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IBC Mechanism Being Used Actively to Resolve NPA Problem, Asserts Economic Survey

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