How Insolvency and Bankruptcy Code lays down a robust framework to deal with distressed assets

... for firm insolvency; Debts Recovery Tribunals (DRTs) will consider bankruptcy cases of individuals/unlimited liability partnerships. (Appellate authorities are NCLAT, DRATs). Regulator : The Insolvency Bankruptcy Board of India. Source: Insolvency and Bankruptcy Board of India, EY & media reports.

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