Insolvency law changing the way society perceives biz failures: CCI chief ...Middle East

With a huge unsatiated appetite for freedom of exit, the insolvency law is changing the way society perceives business failures and striving to build confidence among creditors, Competition Commission of India chief Ashok Kumar Gupta said on Saturday. He also emphasised that suiting the new economic milieu, the Insolvency and Bankruptcy Code (IBC) projects exit as a resolvable fall-out of market competition and provides a rather graceful exit for entrepreneurs. He was delivering the annual day lecture of the Insolvency and Bankruptcy Board of India (IBBI), a key institution in implementing the Code. "Fuelled by a huge unsatiated appetite for freedom of exit, the insolvency law is changing th

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