Stressing that the Insolvency and Bankruptcy Code, implemented in 2016, is a crucial milestone in the economic reforms, Prime Minister Narendra Modi on Saturday said that India, which used to be counted among the “Fragile Five” economies, is now being considered a bright spot in the global economy.
The Prime Minister took note of the seminar, titled, ‘Rejuvenation of Economy under Insolvency Laws’ being organised by Insolvency & Professionals Council of India.
In a signed message to Dr. Adish C Aggarwala, President of the International Council of Jurists, London, for the seminar, to be held in New Delhi on August 27, PM Modi acknowledged the need to make the insolvency regime “even better”.
Taking note of the initiative, Prime Minister Narendra Modi, added “It is particularly heartening to note that this seminar is being attended by many legal luminaries, domain experts and other stakeholders”.
The Prime Minister said he was sure that the deliberations at the seminar “will prove fruitful and provide a roadmap to make the insolvency regime even better”. (ANI)
