What is Bankruptcy code?

The Insolvency and Bankruptcy Code, 2016 (IBC) is the bankruptcy law of India that administers the insolvency proceedings and establishes a framework for insolvency resolution processes effectively The Insolvency and Bankruptcy Code was introduced by (FM) Arun Jailtely in December’15 and was subsequently passed by the Lok Sabha on 5 May’16. However the act was finally approbated on … Continue reading What is Bankruptcy code?