An easy understanding of The Insolvency & Bankruptcy code 2016

CA Vinod Kumar Chaurasia , Last updated: 23 October 2017  
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Introduction: The Insolvency and Bankruptcy Code, 2016 (the Code) passed by the Lok Sabha on 5th May 2016 seeks to provide a framework for time-bound settlement of insolvency by formulating a survival mechanism or by ensuring speedy liquidation through a formal insolvency resolution process (IRP).

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