INSOLVENCY AND BANKRUPTCY CODE, 2016
Mukesh Kumar
Broschiertes Buch

INSOLVENCY AND BANKRUPTCY CODE, 2016

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Insolvency and Bankruptcy Code, 2016 is not incremental reform but a paradigm shift towards resolution of financially stressed Corporate Persons, Partnership Firms, and Individuals. The Paradigm shift is reflected in unification of laws of insolvency, adoption of predominantly creditor-in-possession model and time bound resolution process. The Code provides for mechanism for prompt resolution of stressed entites failing which such entites have to go through liquidation or bankruptcy, as the case may be. Although the Code has been a seminal intervention in insolvency regime, there seems to be e...