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1 THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK 2 REPORT OF THE INSOLVENCY LAW COMMITTEE New Delhi, the 26 March, 2018 To, Honourable Union Minister of Finance and Corporate Affairs Sir, We have the privilege and honour to present this report of the Insolvency Law Committee, set up on 16th November, 2017, to make recommendations to the Government on issues arising from the implementation of the Insolvency and Bankruptcy Code,2016, as well as on the recommendations received from various stakeholders. 2. The Committee had the benefit of participation by various institutes, industry chambers and experts in various disciplines. It has tried to take a holistic and comprehensive view while suggesting changes in the Code and subordinate legislation keeping in mind the difficulties and challenges expressed by various stakeholders.
4 PREFACE The World Bank Doing Business' Index 2018 recognized the sustained efforts and commitment of the Government of India as this year India became one of …
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