Curious Indian · Great Indian Timeline
2016 CE · law constitution governance

Insolvency and Bankruptcy Code Is Enacted

The IBC created a new framework for time-bound insolvency resolution and restructuring of firms and individuals.

Finance Minister Arun Jaitley administering the oath to the first IBBI chairperson in October 2016
Same-year institutional implementation of the IBC, not the parliamentary enactment ceremony. Confirm current Commons GODL status before use. · Credit: Ministry of Finance / Press Information Bureau · License: Verify GODL-India on current Commons page

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Sources and further reading

  1. IBBI — Insolvency and Bankruptcy Code, 2016

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