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    <title>Debt recovery mechanism strengthened with the enactment of Insolvency and Bankruptcy Code (IBC), 2016</title>
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    <description>The Insolvency and Bankruptcy Code has strengthened debt recovery by producing multiple corporate resolutions and improved recovery rates, prompting proposals to scale up the National Company Law Tribunal and appellate capacity. Complementary reforms include capacity building through a Graduate Insolvency Programme, steps toward adopting the UNCITRAL Model Law on Cross Border Insolvency, and working groups on group and individual insolvencies to develop cross border and group restructuring frameworks.</description>
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