Banking Law

ACKNOWLEDGMENT OF DEBT UNDER THE INSOLVENCY AND BANKRUPTCY CODE

ACKNOWLEDGMENT OF DEBT UNDER THE INSOLVENCY AND BANKRUPTCY CODE

It is a well-known fact that the Insolvency and Bankruptcy Code, 2016 [herein after referred to as IBC]¬†brought a transformation in the arena of insolvency and bankruptcy from the quondam Industrial Companies Act. The motive of IBC is to rectify and resuscitate the debtor in the corporate sectors and timely mechanism along with an impartial …

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