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The present article discusses the major amendments introduced in the Insolvency and Bankruptcy Code, 2016 (IBC) by The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 dated December 28, 2019 (The Amendment Ordinance).
Once the adjudicating authority initiates corporate insolvency resolution process (“CIRP”) against a corporate debtor, the clock starts ticking……
The voluntary liquidation comes as a relief while you decide to shut down your company. It’s vital to have clarity on the liquidation process so you can make informed decisions about what to do next….
Best Practices for Insolvency Resolution Professionals is a compilation of practices prepared to help guide the Insolvency Professional under the Insolvency and Bankruptcy Code, 2016. Best Practices aims to improve and maintain high standards of ethics and professionalism.