Benefits of Insolvency and Bankruptcy Code 2016
How does one handle financial distress and insolvency in India? What is the Insolvency and Bankruptcy Code 2016 (IBC) 2016? The Insolvency and Bankruptcy Code 2016 (IBC) of India was introduced to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time-bound manner. Before...
Read More
Liquidation Process under IBC
Have you ever wondered what happens when a company can no longer meet its financial obligations? How does the legal system handle such a situation, ensuring fair treatment for creditors while aiming for a quick resolution? The liquidation process under the Insolvency and Bankruptcy Code (IBC) is initiated when a corporate debtor fails to resolve...
Read More
Corporate Insolvency Resolution Process under IBC
Have you ever thought about what happens when a company faces financial distress in India? How does the legal framework address such situations? The Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code 2016, (IBC) plays an important role in India’s corporate landscape by offering a structured legal framework for addressing financial challenges...
Read More
Types of Bankruptcies in India
Have you ever wondered what happens if you can’t pay your debts? Both individuals and businesses facing financial difficulties in India need to understand the different types of bankruptcies and related remedies. Post-2016, with the Insolvency and Bankruptcy Code (IBC) in play, India’s approach to bankruptcy has transformed. This code outlines three primary bankruptcy types:...
Read More