Getting a move on: Is it time for pre-packaged insolvency in India?

The Insolvency and Bankruptcy Code, 2016 (Code) in India has undoubtedly proved to be successful. Not only has the Code drastically reduced the time taken for insolvency resolution (from 4.3 years to 1.6 years), it has also significantly improved recovery rates for creditors (from 26.5 to 71.6 cents on the dollar).

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