Economics · Corporate Laws
What is the primary objective of the Insolvency and Bankruptcy Code (IBC), 2016 in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To directly promote foreign direct investment in public sector undertakings
- 2To consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms, and individuals in a time-bound manner✓
- 3To protect newly founded startups from regulatory tax investigations
- 4To regulate stock market investments and IPO guidelines
Correct answer
To consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms, and individuals in a time-bound manner
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