The Insolvency and Bankruptcy Code is a dynamic law evolving to meet emerging needs of the stakeholders to further the objective of the Code. The Code has passed the Constitutional muster and with every challenge, it has come out with stronger roots. The impact of the IBC Code is not only what happens in the Code, but also what happens on account of and under the shadow of the Code. The IBC Code has won the credibility of all categories of stakeholders, said Dr M S Sahoo, Chairman, Insolvency and Bankruptcy Board of India. Dr Sahoo was addressing the National Conference on Resolving Insolvency in India - Progress and Way Forward, organized by CII in New Delhi on Monday.
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