Reserve Bank Deputy Governor M Rajeshwar Rao has called for an enforceable code of conduct for the Committee of Creditors (CoC) involved in the insolvency resolution process. He highlighted the need for significant improvements in CoC's performance, despite the Insolvency and Bankruptcy Code (IBC) gaining traction since its introduction in 2016. Rao's remarks came during a conference in the national capital, where he noted the CoC's crucial role in corporate insolvency resolution.
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