Clean Slate Theory Under IBC, 2016

Introduction The Insolvency and Bankruptcy Code, 2016 is a special law, which has been lay down for the purpose of bringing out an industry from distress and to ensure that its assets do not go to waste by liquidation. IBC is

Corporate Insolvency and Resolution Process

From an economic perspective, the Insolvency and Bankruptcy Code institution, 2016, had been a significant amelioration in our country’s economic system. It has enhanced the global economic image of India. India is a foremost part of the global economy, so India needed to compete with other emerging nations and large economies. We had distinctive overlapping laws concerning Insolvency, which was not adequate to settle down corporate and individual debt. Another imperative purpose of establishing this code was to attract foreign nations to invest in India. India aimed to be at par with these foreign nations who play a vital role in the global economy.

Hey there!

come here often?

Login To Come In