KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER INDIAN LAW –
The Code:
Introduction of a comprehensive insolvency and financial pain legislation in India is a contemporary occasion, with introduction of the Insolvency and Monetary catastrophe Code, 2016 (“the Code”) in the year 2016. The Code is oriented to be the umbrella legislation in India for authorized guidelines pertaining to to insolvency and financial pain. At most modern the Code simplest governs rehabilitation and liquidation of companies and extends to guarantors.
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