Legal Updates

INSOLVENCY AND BANKRUPTCY CODE, 2016

The Insolvency and bankruptcy code is a one stop solution for resolving insolvencies which previously was a long process that did not offer an economically viable arrangement. The code aims to protect the interests of small investors and make the process of doing business less cumbersome.

INSOLVENCY AND BANKRUPTCY CODE

The law of insolvency and bankruptcy came in force on 5, May 2016 and introduced by the finance minister late Arun Jaitley in Lok Sabha for the benefit of the businessman and different firm in our country.