In which year did Parliament enact India’s Insolvency and Bankruptcy Code?
Question and options
In which year did Parliament enact India’s Insolvency and Bankruptcy Code?
2014
2016
2017
2015
Answer and explanation
Correct answer: B - 2016
The Insolvency and Bankruptcy Code was enacted as Act 31 of 2016 and consolidated the law on insolvency resolution of companies, partnerships and individuals. Later amendments, including the IBC (Amendment) Act, 2026, have kept the original title and year.
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