THE INSOLVENCY AND BANKRUPTCY CODE, 2016

Published On: 01/05/2016

Authors:

Ran Chakrabarti
The Insolvency and Bankruptcy Code, 2016 (the “Code”) passed by the Lok Sabha on 5th May, 2016[1] seeks to provide a framework for time-bound settlement of insolvency by formulating a survival mechanism or by ensuring speedy liquidation by a formal insolvency resolution process (“IRP”).