<p>The Insolvency and Bankruptcy Code, 2016 is the bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy. It is a key pillar of the ecosystem responsible for implementation of the Code that consolidates and amends the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of the value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders.</p>

  <p>The mandate of the ASSOCHAM National Council for IBC & Valuation covers the aspects such as the major issues and challenges being faced the stakeholders and to play a vital role in bridging the gap between the industry, regulator and policy maker. This includes conducting regular council meetings, webinar, summit, e-summit and round table discussions under the guidance of Chairman & Co-Chairman of the council. The Council covers the functions of Public policy advocacy, think tank, awareness & training program and is fully committed in providing their valuable inputs to the relevant Policy Makers & Regulators on the issues being faced by the industry and its resolution plan.</p>
  
  <p>The various stakeholders, regulators and policy makers which are directly or indirectly involved in the council includes Insolvency and Bankruptcy Board of India, Ministry of Corporate Affairs, National Company Law Tribunal, National Company Law Appellate Tribunal, Ministry of Finance, etc.</p>