Your task is to predict the verdict of a claim based on the provided question-answer pair evidence. The possible labels are: 'Supported', 'Refuted', 'Not Enough Evidence', 'Conflicting Evidence/Cherrypicking'. Justify your answer using the provided evidence and select the correct label.

Claim: The Insolvency and Bankruptcy Code has led to significant results in India.

Q1: What is purpose of the Insolvency and Bankruptcy Code
A1: The Code has been framed with the object to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner

Q2: Are there known effects of the the Insolvency and Bankruptcy code since it's implementation
A2: According to the Annual report of the Ministry of  2017-2018, cases under the Insolvency and Bankruptcy Code are still under further resolution as at 31st December
user
justification: From Q.2 it looks as though the Insolvency and Bankruptcy Code has not led to significant results in India. 

verdict: 'Refuted'
assistant