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    <title>Insolvency law main factor in improving health of country&#039;s banking sector: FM in Lok Sabha</title>
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    <description>The Insolvency and Bankruptcy Code is described as a central mechanism for improving banking sector health through recovery of non-performing assets under the insolvency resolution process. The proposed amendment Bill seeks further changes to the framework, including measures to reduce the time taken for admission of insolvency resolution applications, while the resolution process is said to have coincided with better company performance and improved corporate governance.</description>
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