This Article traces implementation of IBC and progress achieved over the past one year and the challenges faced by each of the of the Pillars during their one year of journey.
For the sake of convenience and better understanding, the article is divided into four parts.
Part-I Captures Criticality of IBC as a piece of legislation and challenges & achievements of IBBI.
Part-II Traces Formation of NCLTs and evolution of insolvency jurisprudence,
Part-III Deals with the role of two other critical pillars under IBC- Information Utilities and Committee of Creditors and issues faced by Banks; and finally
Part-IV While dealing dimension of role of the Resolution Professionals, try to present a balance sheet of the issues resolved /unresolved/evolvin…
Read the full article at: http://www.livelaw.in/evolution-law-corporate-insolvency-balance-sheet-working-ibc-2016-part/
