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Insolvency and Bankruptcy Code 2016 : Short overview and procedure

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  This article is written by Akshita Sodhi, Fourth year law student lloyd law college.   The code of Insolvency and bankruptcy was passed in the year 2016. This code was enacted with the purpose to provide fast relief to creditors in case their debtors become insolvent. This code provides a time bound process to […]

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Insolvency and Bankruptcy Code

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Section 3(8): corporate debtor means a corporate person who owes a debt to any person. Section 5- (1): Adjudicating Authority, for the purposes of this Part, means National Company Law Tribunal constituted under section 408 of the Companies Act, 2013. (Section 408 of the Companies Act, 2013: “The Central Government shall, by notification, constitute, with […]

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Procedure in case of Corporate Debtor under Insolvency and Bankruptcy Code, 2016

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Ankur Saboo, Legal Associate at Starlog Enterprises Limited] I & B code is the codification of laws and its one of its kind which inter- alia shifts the control of the management of corporate persons as well as other persons defined under the Code from debtor driven to creditors driven. Steps Involved as per latest […]

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