While the Insolvency and Bankruptcy Code (IBC) has successfully chartered a new era in the history of bankruptcy resolution in India, it needs reform in order to speed up resolution and recovery from insolvency firms. Analyse.

9. While the Insolvency and Bankruptcy Code (IBC) has successfully chartered a new era in the history of bankruptcy resolution in India, it needs reform in order to speed up resolution and recovery from insolvency firms. Analyse. (250 words)

Reference: Live Mint , Insights on India