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INSOLVENCY AND BANKRUPTCY CODE, 2016
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The Insolvency and Bankruptcy Code, 2016 introduces a transformative approach to resolving financial distress among corporate entities, partnership firms, and individuals. It unifies existing insolvency laws and emphasizes a creditor-in-possession model, ensuring a timely resolution process. The Code establishes a framework for quickly addressing financial challenges, with a clear pathway to liquidation or bankruptcy if resolution efforts fail. This shift enhances the efficiency and effectiveness of insolvency proceedings in India.
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INSOLVENCY AND BANKRUPTCY CODE, 2016, Mukesh Kumar
- Language
- Released
- 2023
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- Title
- INSOLVENCY AND BANKRUPTCY CODE, 2016
- Language
- English
- Authors
- Mukesh Kumar
- Publisher
- Notion Press
- Released
- 2023
- Format
- Paperback
- Pages
- 238
- ISBN13
- 9798889591153
- Category
- Legal literature
- Description
- The Insolvency and Bankruptcy Code, 2016 introduces a transformative approach to resolving financial distress among corporate entities, partnership firms, and individuals. It unifies existing insolvency laws and emphasizes a creditor-in-possession model, ensuring a timely resolution process. The Code establishes a framework for quickly addressing financial challenges, with a clear pathway to liquidation or bankruptcy if resolution efforts fail. This shift enhances the efficiency and effectiveness of insolvency proceedings in India.