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Bankruptcy Code 2016 News
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Proper implementation of the Insolvency and Bankruptcy Code, 2016 can potentially free about Rs 25,000 crore capital locked up as non-performing assets (NPAs), or bad loans, over the next four-five years, Assocham said on Monday.
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Describing the Bankruptcy Code as comprehensive and systemic reform, the Finance Ministry on Thursday said the new law will give a big boost to ease of doing business in the country by ensuring a quantum leap for the functioning of the credit market.
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