PART II Insolvency Resolution and Liquidation for Corporate Persons CHAPTER II Corporate Insolvency Resolution Process (CIRP) Section 10A of IBC – A ‘Lakshman Rekha’ for Filing CIRP On 5th June 2020, an Ordinance titled “Insolvency And Bankruptcy Code (Amendment) Ordinance 2020” came to be promulgated by insertion of Section 10A which has practically suspended …
A historical economic reform in India took place when the Rajya Sabha on 11th of May, 2016 passed the Insolvency and Bankruptcy Code, 2016. It’s a key reform that will make it much easier to do business in India and help the recovery of bad loans for banks. The Code seeks to overhaul the laws regulating …
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