WORKING GROUP ON TRACKING OUTCOMES UNDER THE IBC
To,
Chairperson
Insolvency and Bankruptcy Board of India
Jeevan Vihar Building, New Delhi- 110001
Dear Sir,
The Working Group on Tracking Outcomes of Insolvency and Bankruptcy Code, 2016 (IBC) constituted on 24th May, 2019, have the privilege and honour to present its Report to the Insolvency and Bankruptcy Board of India.
- The Working Group, after rounds of detailed deliberations, has come out with a comprehensive framework for developing a metrics for measuring the outcomes of IBC to objectively evaluate the achievements under the IBC.
- We thank the Insolvency and Bankruptcy Board of India for setting up this group and facilitating the logistical support to accomplish this important aspect relating to the new insolvency and bankruptcy regime ushered in by the enactment of the IBC. We believe that the framework for measuring outcomes of the IBC recommended by this Working Group would help researchers and policy makers to appreciate the nuances involved in evaluating the outcomes of this new law and guide them to adopt a holistic approach instead of approaching the issue on a piecemeal basis.
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