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

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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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To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…

Revolutionising real estate insolvency in India

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b. Participation of land authorities in CIRP Statutory bodies, such as those holding rights over leased land, are often seen to delay the resolution. A recent instance is the Supreme Court’s decision to halt the implementation of NBCC’s approved resolution plan for Supertech, following petitions from the company’s promoters and the Yamuna Expressway Industrial Development Authority.…