Explore The Key Features, Aims And Objectives Of The Insolvency And Bankruptcy Code, 2016 (IBC) And Its Significance In India

Liquidation

The Insolvency and Bankruptcy Code (IBC), 2016 was enacted to consolidate and harmonize India’s insolvency law by repealing several overlapping legislations, including the Companies Act, 1956, and the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, that led to delays, inefficiencies, and uncertainty, adversely affecting businesses, creditors, and the economy. The IBC…

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Debt Help

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Liquidation

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JSW Steel Coated Products wins bid for Colour Roof India, Legal News, ET LegalWorld

Bankruptcy

JSW Steel Coated Products Limited (JSWSCPL), a wholly-owned subsidiary of JSW Steel, has received a letter of intent from the resolution professional of Colour Roof (India) Limited, indicating its successful bid in the corporate insolvency resolution process (CIRP). The committee of creditors approved JSWSCPL’s resolution plan, declaring the company the successful resolution applicant. The completion…