What is the processes for resolution or liquidation of corporate persons under the Insolvency and Bankruptcy Code, 2016?
Introduction The Insolvency and Bankruptcy Code, 2016, has been introduced with the primary intention of improving India’s ranking in the ease of doing business index, increasing lender’s confidence a
India Business News: NEW DELHI: Discrepancies in the insolvency and the bankruptcy code was one of the missing links in the debt recovery regime of our country.
Now, the resolution professional should appoint two registered valuers to determine the fair value and the liquidation value of the corporate debtor.
What is Insolvency? Insolvency is the situation where a firm or an individual can no longer meet its financial obligations with its lenders as debts become due. It may occur even when liabilities exce