हिंदी

A clean slate theory in Insolvency and Bankruptcy Code, 2016

The Code outlines separate insolvency resolution processes for individuals, companies and partnership firms. The process may be initiated by either the debtor or the creditors. The IBC was enacted and came into force on 28 May 2016; however, some of the sections were made effective on various dates to implement in a systematic manner. Some of the parts have not even been notified till date, e.g. bankruptcy process for partnership firms and individuals.

This content is for Annual Membership members only.
Login Join Now

Recommended For You

About the Author: Legally Speaking Desk

‘Incident Not In Public View’: SC Disposes Of Case Under SC-ST Act SC Notice To Rajasthan Police On Bail Plea Of Biker’s Wife In Husband’s Murder Case Parole Granted To AIMIM’s Okhla Candidate To File Nomination Walmik Karad’s Mother Protests Outside Police Station In Beed, Seeks His Release Rahul Gandhi Defamation Case Hearing Deferred To Jan 22 Amid Lawyers’ Strike